Johnson Controls International plc $JCI Shares Sold by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its stake in Johnson Controls International by 28.1%, now holding 94,332 shares valued at approximately $9.96 million.
• Johnson Controls International reported a quarterly EPS of $1.05, exceeding expectations of $0.99, and expects FY 2025 EPS in the range of $3.650 - $3.680.
• The company announced a quarterly dividend increase to $0.40 per share, representing a 1.5% yield, and has approved a stock buyback program of $9.00 billion.

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 28.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,332 shares of the company's stock after selling 36,802 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Johnson Controls International were worth $9,963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First National Bank & Trust Co. of Newtown acquired a new stake in shares of Johnson Controls International during the second quarter worth about $247,000. Pure Financial Advisors LLC purchased a new position in Johnson Controls International in the second quarter valued at $260,000. Robeco Institutional Asset Management B.V. raised its holdings in Johnson Controls International by 112.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,344,646 shares of the company's stock worth $142,022,000 after purchasing an additional 712,222 shares during the period. Woodward Diversified Capital LLC raised its stake in shares of Johnson Controls International by 76.2% during the 2nd quarter. Woodward Diversified Capital LLC now owns 5,305 shares of the company's stock worth $560,000 after buying an additional 2,294 shares during the period. Finally, USA Financial Formulas grew its position in shares of Johnson Controls International by 367.0% in the second quarter. USA Financial Formulas now owns 13,689 shares of the company's stock valued at $1,446,000 after purchasing an additional 10,758 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 0.0%

JCI stock opened at $108.70 on Monday. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. The firm has a market cap of $71.13 billion, a PE ratio of 32.25, a PEG ratio of 1.63 and a beta of 1.33. The firm's 50 day moving average price is $106.78 and its 200-day moving average price is $98.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (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 analysts' expectations 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. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its board has approved a stock buyback program on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's payout ratio is 47.48%.

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 dated 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 transaction, the vice president directly owned 25,005 shares of the company's stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, 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. Insiders have sold a total of 8,761 shares of company stock valued at $922,447 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JCI. Zacks Research raised Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a "buy" rating in a report on Thursday. Jefferies Financial Group restated a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Johnson Controls International in a report on Saturday, September 27th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Johnson Controls International has an average rating of "Moderate Buy" and an average price target of $109.00.

Johnson Controls International 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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