Johnson Controls International plc $JCI is Lyrical Asset Management LP's 6th Largest Position

Key Points

• Lyrical Asset Management LP has decreased its stake in Johnson Controls International plc (NYSE:JCI) by 1.6%, owning 3,765,411 shares post-sale, which represents about 4.6% of its portfolio.
• Johnson Controls International recently announced a $9 billion stock repurchase plan, allowing the company to buy back up to 13.4% of its shares, indicating that the board believes the stock is undervalued.
• During the latest quarter, Johnson Controls International reported earnings per share of $1.05, surpassing the consensus estimate by $0.06, along with revenues of $6.05 billion which exceeded expectations.

Lyrical Asset Management LP cut its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,765,411 shares of the company's stock after selling 61,453 shares during the quarter. Johnson Controls International comprises approximately 4.6% of Lyrical Asset Management LP's portfolio, making the stock its 6th largest holding. Lyrical Asset Management LP owned about 0.57% of Johnson Controls International worth $301,647,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JCI. Accent Capital Management LLC acquired a new position in Johnson Controls International in the first quarter valued at $26,000. Cornerstone Planning Group LLC increased its stake in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares during the period. Community Bank N.A. acquired a new position in Johnson Controls International in the first quarter valued at $32,000. Rossby Financial LCC acquired a new position in shares of Johnson Controls International during the first quarter worth about $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of Johnson Controls International during the first quarter worth about $43,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JCI shares. UBS Group reiterated a "buy" rating and set a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Citigroup boosted their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft upgraded 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, Wells Fargo & Company boosted their price target 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. 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 stock has a consensus rating of "Hold" and an average price target of $105.17.

Johnson Controls International Price Performance

Shares of JCI stock traded down $1.3140 during midday trading on Tuesday, reaching $104.3960. 1,461,324 shares of the company traded hands, compared to its average volume of 4,746,468. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The firm's 50 day simple moving average is $105.64 and its two-hundred day simple moving average is $92.97. Johnson Controls International plc has a 1-year low of $67.68 and a 1-year high of $112.63. The firm has a market cap of $68.32 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30.

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, topping analysts' consensus estimates 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 business 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 expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed 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 of this dividend was Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is 43.92%.

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

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's 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 transaction, the vice president directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 three months, insiders have sold 19,266 shares of company stock valued at $1,986,931. Corporate insiders own 0.54% of the company's stock.

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.