Johnson Controls International plc $JCI Shares Purchased by Inspire Trust Co. N.A.

Key Points

• Inspire Trust Co. N.A. increased its holdings in Johnson Controls International by 19.6%, now owning 67,000 shares worth approximately $5.37 million.
• Johnson Controls International reported $1.05 earnings per share for the last quarter, exceeding expectations and indicating a net margin of 9.53%.
• The company initiated a $9.00 billion stock buyback plan, allowing the purchase of up to 13.4% of its outstanding shares, signaling confidence in its stock valuation.

Inspire Trust Co. N.A. grew its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 19.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 67,000 shares of the company's stock after acquiring an additional 11,000 shares during the period. Johnson Controls International accounts for approximately 1.3% of Inspire Trust Co. N.A.'s investment portfolio, making the stock its 18th biggest position. Inspire Trust Co. N.A.'s holdings in Johnson Controls International were worth $5,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kovitz Investment Group Partners LLC grew its holdings in Johnson Controls International by 3.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 23,805 shares of the company's stock worth $1,907,000 after acquiring an additional 703 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in Johnson Controls International by 74.6% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 12,206 shares of the company's stock valued at $978,000 after acquiring an additional 5,215 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Johnson Controls International by 8.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,655 shares of the company's stock valued at $1,655,000 after acquiring an additional 1,656 shares in the last quarter. National Pension Service lifted its position in shares of Johnson Controls International by 7.1% during the 1st quarter. National Pension Service now owns 1,658,843 shares of the company's stock worth $132,890,000 after buying an additional 109,505 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Johnson Controls International during the 1st quarter worth approximately $72,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded down $1.3160 on Tuesday, hitting $104.3940. 1,461,324 shares of the company's stock were exchanged, compared to its average volume of 4,746,468. The company has a 50-day simple moving average of $105.64 and a 200-day simple moving average of $92.97. The stock has a market capitalization of $68.31 billion, a PE ratio of 30.98, a PEG ratio of 1.84 and a beta of 1.30. Johnson Controls International plc has a 1 year low of $67.68 and a 1 year high of $112.63. 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $6.05 billion during the quarter, compared to analyst estimates 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 anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

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

Johnson Controls International declared that its board has authorized a stock buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JCI. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Robert W. Baird lifted their price objective 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. JPMorgan Chase & Co. boosted their price target 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. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. Finally, Barclays increased their target price 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $105.17.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred 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 owned 140,881 shares of the company's stock, valued at $14,607,950.89. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 42,574 shares of the company's stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,266 shares of company stock valued at $1,986,931 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

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.