Magnetar Financial LLC Sells 6,077 Shares of Johnson Controls International plc $JCI

Key Points

• Magnetar Financial LLC significantly reduced its holdings in Johnson Controls International by selling 6,077 shares, resulting in a 68.5% decrease to a total of 2,801 shares valued at approximately $224,000.
• Institutional ownership of Johnson Controls International stands at **90.05%**, with several large investors increasing their stakes in the company during the same quarter.
• Johnson Controls recently announced a quarterly dividend of **$0.37 per share** and launched a $9.00 billion stock buyback plan, indicating confidence in its stock valuation.

Magnetar Financial LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 68.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,801 shares of the company's stock after selling 6,077 shares during the quarter. Magnetar Financial LLC's holdings in Johnson Controls International were worth $224,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. TIAA Trust National Association grew its stake in shares of Johnson Controls International by 1.0% during the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock valued at $908,000 after purchasing an additional 115 shares during the period. Strategic Blueprint LLC grew its stake in shares of Johnson Controls International by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock valued at $239,000 after purchasing an additional 123 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of Johnson Controls International by 1.4% during the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock valued at $739,000 after purchasing an additional 124 shares during the period. Sfmg LLC grew its stake in shares of Johnson Controls International by 4.5% during the 1st quarter. Sfmg LLC now owns 2,913 shares of the company's stock valued at $233,000 after purchasing an additional 125 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in shares of Johnson Controls International by 2.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock valued at $405,000 after purchasing an additional 135 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. Jefferies Financial Group restated a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Robert W. Baird lifted their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $105.72.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction 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 approximately $14,607,950.89. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the firm's stock in a transaction 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. The trade was a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,844 shares of company stock valued at $1,843,451. 0.54% of the stock is owned by company insiders.

Johnson Controls International Trading Down 0.9%

Johnson Controls International stock opened at $105.94 on Wednesday. The firm has a 50 day moving average of $106.42 and a 200 day moving average of $94.49. The firm has a market capitalization of $69.33 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 1.90 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $67.68 and a 12-month high of $112.63. 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 (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The company 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, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a 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 declared that its board has authorized a stock buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are typically 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.

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