Lansforsakringar Fondforvaltning AB publ Sells 5,802 Shares of Johnson Controls International plc $JCI

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its holdings in Johnson Controls International plc by 2.6%, ending the quarter with a value of $17.49 million from 218,276 shares.
• Analysts have mixed views on the stock, with a consensus rating of "Hold" and a target price averaging $105.72 following various upgrades and downgrades from firms like JPMorgan and Wells Fargo.
• Johnson Controls recently announced a quarterly dividend of $0.37 per share and a $9.00 billion share repurchase plan, highlighting the board's belief in the stock's undervaluation.

Lansforsakringar Fondforvaltning AB publ decreased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 218,276 shares of the company's stock after selling 5,802 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Johnson Controls International were worth $17,486,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC increased its position in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after buying an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International in the first quarter worth about $26,000. Cornerstone Planning Group LLC raised its holdings in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after acquiring an additional 155 shares during the period. Community Bank N.A. purchased a new stake in Johnson Controls International during the 1st quarter worth about $32,000. Finally, Rossby Financial LCC purchased a new position in Johnson Controls International during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JCI. UBS Group reaffirmed a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Barclays lifted their price objective on Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and raised their price target for the company from $101.00 to $112.00 in a report on Monday, May 12th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Morgan Stanley lifted their target price 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, August 21st. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $105.72.

Johnson Controls International Trading Down 0.5%

Shares of NYSE:JCI traded down $0.49 on Wednesday, reaching $105.47. 749,715 shares of the company traded hands, compared to its average volume of 4,736,873. The business's 50-day simple moving average is $106.42 and its 200 day simple moving average is $94.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52 week low of $67.68 and a 52 week high of $112.63. The stock has a market capitalization of $69.02 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last released 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. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates 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 anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders 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 yield of 1.4%. Johnson Controls International's dividend payout ratio is 43.92%.

Johnson Controls International announced that its Board of Directors has approved a stock buyback 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 shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated 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 directly owned 140,881 shares of the company's stock, valued at $14,607,950.89. This represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's 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 of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,844 shares of company stock worth $1,843,451 in the last ninety days. Insiders own 0.54% of the company's stock.

About Johnson Controls International

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.