Johnson Controls International plc $JCI Shares Sold by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB reduced its stake in Johnson Controls International plc by 59.2%, selling 410,912 shares during the second quarter, leaving them with 283,684 shares valued at approximately $30 million.
• The company has recently increased its quarterly dividend from $0.37 to $0.40, reflecting a payout ratio of 47.48% and an annual yield of 1.5%.
• Johnson Controls has received various ratings changes from analysts, with ten analysts giving it a Buy rating and an average price target of $108.28.

AMF Tjanstepension AB trimmed its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 59.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 283,684 shares of the company's stock after selling 410,912 shares during the quarter. AMF Tjanstepension AB's holdings in Johnson Controls International were worth $30,039,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of JCI. Nuveen LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter worth $219,110,000. AQR Capital Management LLC boosted its holdings in Johnson Controls International by 747.6% in the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company's stock valued at $159,186,000 after acquiring an additional 1,794,089 shares during the last quarter. Alkeon Capital Management LLC purchased a new stake in Johnson Controls International during the first quarter valued at about $112,154,000. Voya Investment Management LLC increased its stake in Johnson Controls International by 637.1% during the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company's stock worth $125,578,000 after acquiring an additional 1,354,912 shares during the last quarter. Finally, Amundi increased its stake in Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company's stock worth $366,412,000 after acquiring an additional 860,899 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research reports. Wolfe Research boosted their target price on Johnson Controls International from $132.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Morgan Stanley increased their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Finally, Robert W. Baird upped 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 report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $108.28.

Johnson Controls International Price Performance

Shares of JCI stock opened at $108.70 on Friday. The firm has a fifty day simple moving average of $106.78 and a 200-day simple moving average of $98.31. The company has a market capitalization of $71.13 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

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

Johnson Controls International Increases Dividend

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

Johnson Controls International declared that its board has approved a share buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred 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 transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by insiders.

Johnson Controls International Company Profile

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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