Johnson Controls International plc $JCI Shares Purchased by V Square Quantitative Management LLC

Key Points

• V Square Quantitative Management LLC increased its holdings in Johnson Controls International by 101.3%, acquiring an additional 16,339 shares during the second quarter, bringing their total to 32,466 shares worth approximately $3.43 million.
• Insider selling has been noted, with VP Daniel C. Mcconeghy selling 5,917 shares, resulting in a 19.14% decrease in their ownership stake.
• Analysts have maintained a consensus rating of "Hold" on Johnson Controls International with price targets set between $90.00 and $124.00, reflecting differing views on the stock's value.

V Square Quantitative Management LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 101.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,466 shares of the company's stock after acquiring an additional 16,339 shares during the period. V Square Quantitative Management LLC's holdings in Johnson Controls International were worth $3,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its stake in Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter worth about $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Community Bank N.A. acquired a new stake in shares of Johnson Controls International during the 1st quarter worth about $32,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on JCI. The Goldman Sachs Group raised their price target on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Royal Bank Of Canada raised their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird raised their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.28.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $107.08 on Monday. The firm has a market capitalization of $70.07 billion, a PE ratio of 31.77, a P/E/G ratio of 1.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The business has a 50-day moving average of $106.86 and a two-hundred day moving average of $97.57. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its Board of Directors has initiated a stock repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 22nd. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio (DPR) is presently 47.48%.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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