Johnson Controls International plc $JCI Shares Sold by Newport Trust Company LLC

Key Points

• Newport Trust Company LLC reduced its stake in Johnson Controls International plc by 2.8%, now holding approximately 4.65 million shares valued at $366.97 million, representing 0.9% of its total holdings.
• Johnson Controls reported earnings per share of $1.05, surpassing analysts' expectations of $0.99, along with a revenue of $6.05 billion, compared to expected $5.99 billion.
• The company announced a $9 billion share repurchase program, allowing it to buy back up to 13.4% of its outstanding shares, indicating confidence in the stock's value.

Newport Trust Company LLC reduced its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,655,208 shares of the company's stock after selling 136,018 shares during the period. Johnson Controls International accounts for about 0.9% of Newport Trust Company LLC's holdings, making the stock its 22nd biggest position. Newport Trust Company LLC owned about 0.71% of Johnson Controls International worth $366,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of JCI. Brighton Jones LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $222,000. Bank Pictet & Cie Europe AG raised its position in shares of Johnson Controls International by 67.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after purchasing an additional 35,655 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $304,000. Ossiam acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $140,000. Finally, Stifel Financial Corp raised its position in shares of Johnson Controls International by 12.5% during the 4th quarter. Stifel Financial Corp now owns 377,747 shares of the company's stock worth $29,816,000 after purchasing an additional 42,012 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $147,447.18. Following the completion of the sale, the vice president directly owned 140,881 shares of the company's stock, valued at approximately $14,607,950.89. This represents a 1.00% 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 Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the sale, the vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Stock Down 1.2%

Shares of NYSE JCI opened at $104.71 on Friday. Johnson Controls International plc has a 52-week low of $67.68 and a 52-week high of $112.63. The firm has a fifty day moving average of $105.75 and a 200-day moving average of $93.33. The stock has a market capitalization of $68.52 billion, a PE ratio of 31.07, a P/E/G ratio of 1.89 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (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 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, analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

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

Johnson Controls International Announces Dividend

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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's dividend payout ratio is 43.92%.

Wall Street Analyst Weigh In

Several analysts have commented on JCI shares. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Finally, Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Johnson Controls International has a consensus rating of "Hold" and a consensus price target of $105.72.

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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