Landscape Capital Management L.L.C. Boosts Holdings in Johnson Controls International plc $JCI

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Johnson Controls International by 13.6%, owning 26,663 shares valued at approximately $2.14 million as of the latest quarter.
• The company's stock has seen varying price targets from analysts, with Goldman Sachs raising it from $103 to $116 and nine analysts rating the stock as a Buy.
• Johnson Controls recently announced a $9 billion stock repurchase plan, indicating management's belief that the stock is undervalued, along with a quarterly dividend of $0.37 per share.

Landscape Capital Management L.L.C. lifted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,663 shares of the company's stock after buying an additional 3,194 shares during the period. Landscape Capital Management L.L.C.'s holdings in Johnson Controls International were worth $2,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at about $222,000. Bank Pictet & Cie Europe AG lifted its position in shares of Johnson Controls International by 67.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after buying an additional 35,655 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Johnson Controls International by 21.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 9,842 shares of the company's stock worth $777,000 after buying an additional 1,713 shares in the last quarter. Lido Advisors LLC boosted its position in Johnson Controls International by 3.6% in the fourth quarter. Lido Advisors LLC now owns 19,379 shares of the company's stock worth $1,536,000 after purchasing an additional 668 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Johnson Controls International by 49.2% during the 4th quarter. AQR Capital Management LLC now owns 239,971 shares of the company's stock worth $18,941,000 after purchasing an additional 79,083 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price 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. UBS Group reiterated a "buy" rating and set a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Wells Fargo & Company lifted their target price 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. Finally, The Goldman Sachs Group lifted their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $105.72.

Insider Activity at Johnson Controls International

In other 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 transaction, the vice president directly owned 140,881 shares in the company, valued at approximately $14,607,950.89. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International 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 transaction, 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. Insiders sold a total of 17,844 shares of company stock valued at $1,843,451 in the last ninety days. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 0.4%

JCI traded down $0.46 during trading on Wednesday, hitting $105.50. 749,715 shares of the stock were exchanged, compared to its average volume of 4,736,873. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a 50 day simple moving average of $106.42 and a 200 day simple moving average of $94.49. The firm has a market cap of $69.04 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 1.90 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $67.68 and a 1 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. 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 expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm 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. The ex-dividend date was Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Johnson Controls International's payout ratio is currently 43.92%.

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

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.