Tribune Investment Group LP Lowers Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Tribune Investment Group LP has reduced its stake in Johnson Controls International by 38.4%, bringing its ownership to 77,000 shares, which are valued at approximately $6.17 million.
• Insider selling occurred with VP Nathan D. Manning offloading 1,422 shares, representing a 1.00% decrease in his position, and other executives also selling significant stakes during the past quarter.
• A number of analysts have upgraded their price targets for Johnson Controls International, with JPMorgan Chase increasing its target from $81.00 to $98.00, indicating a positive outlook for the company's stock.

Tribune Investment Group LP lowered its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 38.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,000 shares of the company's stock after selling 48,000 shares during the quarter. Johnson Controls International makes up about 2.6% of Tribune Investment Group LP's investment portfolio, making the stock its 16th largest holding. Tribune Investment Group LP's holdings in Johnson Controls International were worth $6,168,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Stoneridge Investment Partners LLC bought a new position in shares of Johnson Controls International during the first quarter worth approximately $569,000. Sandhill Capital Partners LLC increased its holdings in shares of Johnson Controls International by 0.7% during the first quarter. Sandhill Capital Partners LLC now owns 67,388 shares of the company's stock worth $5,398,000 after purchasing an additional 439 shares during the period. Capital Analysts LLC increased its holdings in shares of Johnson Controls International by 3.1% during the first quarter. Capital Analysts LLC now owns 165,278 shares of the company's stock worth $13,241,000 after purchasing an additional 4,941 shares during the period. Hsbc Holdings PLC increased its holdings in Johnson Controls International by 12.4% in the 1st quarter. Hsbc Holdings PLC now owns 736,933 shares of the company's stock valued at $58,522,000 after buying an additional 81,214 shares during the period. Finally, Korea Investment CORP increased its holdings in Johnson Controls International by 5.0% in the 1st quarter. Korea Investment CORP now owns 526,522 shares of the company's stock valued at $42,180,000 after buying an additional 25,273 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the vice president directly owned 42,574 shares in the company, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,266 shares of company stock worth $1,986,931. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on JCI. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and raised their target price for the company from $101.00 to $112.00 in a report on Monday, May 12th. Royal Bank Of Canada lifted their price target 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 price target on the stock in a report on Thursday, May 8th. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, Robert W. Baird boosted their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Stock Performance

JCI traded up $2.3630 during trading on Friday, hitting $107.1130. 5,090,912 shares of the company traded hands, compared to its average volume of 5,762,699. The firm has a market cap of $70.09 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30. The stock's fifty day moving average is $105.86 and its 200 day moving average is $93.58. 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 plc has a one year low of $67.68 and a one year high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion during 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. As a group, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its Board of Directors has initiated 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 purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

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

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.