Kaufman Rossin Wealth LLC Purchases Shares of 3,489 Johnson Controls International plc $JCI

Key Points

• Kaufman Rossin Wealth LLC has purchased 3,489 shares of Johnson Controls International plc for approximately $280,000, as indicated in their latest 13F filing with the SEC.
• The company has announced a $9.00 billion stock buyback program, allowing the repurchase of up to 13.4% of its shares, suggesting management's belief that the stock is undervalued.
• Johnson Controls International reported a quarterly EPS of $1.05, exceeding analysts’ expectations, and declared a quarterly dividend of $0.37 per share, reflecting a 1.4% annual yield.

Kaufman Rossin Wealth LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,489 shares of the company's stock, valued at approximately $280,000.

Several other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Johnson Controls International by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,023,471 shares of the company's stock valued at $162,101,000 after buying an additional 143,825 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Johnson Controls International in the 1st quarter worth approximately $569,000. Sandhill Capital Partners LLC lifted its holdings in Johnson Controls International by 0.7% in the 1st 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 last quarter. Capital Analysts LLC lifted its holdings in Johnson Controls International by 3.1% in the 1st 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 last quarter. Finally, Hsbc Holdings PLC lifted 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 worth $58,522,000 after purchasing an additional 81,214 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JCI has been the subject of several analyst reports. Morgan Stanley boosted their target price on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday. Robert W. Baird boosted their target price on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Royal Bank Of Canada boosted their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $105.72.

Johnson Controls International Stock Performance

Shares of JCI stock traded up $2.3630 during trading hours on Friday, reaching $107.1130. 5,090,912 shares of the company's stock were exchanged, compared to its average volume of 5,762,699. Johnson Controls International plc has a fifty-two week low of $67.68 and a fifty-two week high of $112.63. 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. The business has a fifty day moving average price of $105.86 and a 200-day moving average price of $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 (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping 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 company 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. Analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Johnson Controls International announced that its board has initiated a share repurchase plan on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, VP Anuruddha Rathninde sold 15,000 shares of the business'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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business'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 value of $147,447.18. Following the sale, the vice president owned 140,881 shares in the company, valued at approximately $14,607,950.89. This represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,266 shares of company stock worth $1,986,931. 0.54% of the stock is currently owned by company insiders.

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.