Johnson Controls International plc $JCI Shares Sold by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC has reduced its holdings in Johnson Controls International by 39.4%, selling 308,546 shares and retaining 475,067 shares, which constitutes around 0.07% of the company.
• Several hedge funds increased their positions in Johnson Controls, with Allspring Global Investments Holdings raising its holdings by 2,213.5%, now owning 709,431 shares valued at $57.7 million.
• Johnson Controls International reported earnings of $1.05 per share, exceeding expectations, and also announced a $9 billion stock repurchase plan to buy back up to 13.4% of its shares, signaling confidence in its stock's value.

Ceredex Value Advisors LLC lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 39.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 475,067 shares of the company's stock after selling 308,546 shares during the quarter. Ceredex Value Advisors LLC owned about 0.07% of Johnson Controls International worth $38,058,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Cerity Partners LLC raised its holdings in Johnson Controls International by 69.8% in the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after acquiring an additional 46,459 shares in the last quarter. G&S Capital LLC raised its holdings in Johnson Controls International by 81.4% in the first quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after acquiring an additional 13,612 shares in the last quarter. GAMMA Investing LLC raised its holdings in Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after acquiring an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Johnson Controls International by 2,213.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after acquiring an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in Johnson Controls International by 22.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after acquiring an additional 1,096 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $106.46 on Tuesday. The firm's fifty day simple moving average is $105.90 and its 200-day simple moving average is $93.75. Johnson Controls International plc has a 12 month low of $67.68 and a 12 month high of $112.63. The stock has a market capitalization of $69.67 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.91 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were given a $0.37 dividend. The ex-dividend date was Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.4%. Johnson Controls International's dividend payout ratio is 43.92%.

Johnson Controls International declared that its Board of Directors has initiated a stock repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Citigroup raised their price objective on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Barclays raised their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and an average price target of $105.72.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following the completion of the sale, the vice president owned 140,881 shares in the company, valued at $14,607,950.89. This represents a 1.00% 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 Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the sale, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,266 shares of company stock valued at $1,986,931. 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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