Korea Investment CORP raised its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 526,522 shares of the company's stock after buying an additional 25,273 shares during the period. Korea Investment CORP owned 0.08% of Johnson Controls International worth $42,180,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TIAA Trust National Association increased its stake in Johnson Controls International by 1.0% in the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock valued at $908,000 after buying an additional 115 shares during the last quarter. Strategic Blueprint LLC increased its stake in Johnson Controls International by 4.3% in the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock valued at $239,000 after buying an additional 123 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in Johnson Controls International by 1.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock valued at $739,000 after buying an additional 124 shares during the last quarter. Sfmg LLC increased its stake in Johnson Controls International by 4.5% in the 1st quarter. Sfmg LLC now owns 2,913 shares of the company's stock valued at $233,000 after buying an additional 125 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in Johnson Controls International by 2.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock valued at $405,000 after buying an additional 135 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Johnson Controls International
In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president owned 42,574 shares in the company, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The sale 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 Johnson Controls International stock in a transaction dated Friday, August 1st. The stock was 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 owned 140,881 shares of the company's stock, valued at $14,607,950.89. This trade represents a 1.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is currently owned by corporate insiders.
Johnson Controls International Stock Performance
Shares of NYSE JCI traded up $2.3630 during mid-day trading on Friday, reaching $107.1130. 5,090,912 shares of the company were exchanged, compared to its average volume of 5,762,699. The company's 50-day simple moving average is $105.86 and its 200-day simple 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. The stock has a market capitalization of $70.09 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.91 and a beta of 1.30. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month high of $112.63.
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 analysts' consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to analysts' expectations 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, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.
Johnson Controls International announced that its Board of Directors has authorized a stock repurchase program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.
Johnson Controls International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is currently 43.92%.
Analysts Set New Price Targets
JCI has been the subject of a number of analyst reports. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup lifted their price objective on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, UBS Group reissued a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and an average target price of $105.72.
Read Our Latest Stock Analysis on JCI
Johnson Controls International Company Profile
(
Free Report)
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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