MBB Public Markets I LLC Invests $306,000 in Johnson Controls International plc $JCI

Key Points

• MBB Public Markets I LLC made a new investment in Johnson Controls International plc, acquiring 3,825 shares worth approximately $306,000 in Q1.
• Johnson Controls recently increased its quarterly dividend to $0.40, reflecting a 1.5% dividend yield, and has authorized a $9.00 billion stock repurchase plan.
• The company reported earnings per share of $1.05 for the last quarter, surpassing analyst expectations, and has projected an EPS of 3.650-3.680 for FY 2025.

MBB Public Markets I LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,825 shares of the company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Johnson Controls International during the 4th quarter valued at approximately $222,000. Bank Pictet & Cie Europe AG boosted its stake in 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 valued at $6,991,000 after acquiring an additional 35,655 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Johnson Controls International by 65.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,560,645 shares of the company's stock worth $202,112,000 after acquiring an additional 1,012,067 shares in the last quarter. NorthRock Partners LLC grew its holdings in Johnson Controls International by 140.4% during the 4th quarter. NorthRock Partners LLC now owns 9,300 shares of the company's stock worth $734,000 after acquiring an additional 5,431 shares in the last quarter. Finally, Nearwater Capital Markets Ltd bought a new stake in shares of Johnson Controls International in the 4th quarter worth about $9,940,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JCI has been the topic of several research analyst reports. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Wells Fargo & Company increased their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. The Goldman Sachs Group lifted their target price on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays upped their price target on Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Finally, UBS Group reaffirmed a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $105.72.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $0.27 during mid-day trading on Friday, hitting $107.55. The company had a trading volume of 2,826,261 shares, compared to its average volume of 4,314,553. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The stock has a market cap of $70.38 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31. 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 $106.70 and its two-hundred day simple moving average is $95.51.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during 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 research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be given a $0.40 dividend. The ex-dividend date is Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's payout ratio is 43.92%.

Johnson Controls International declared that its board has initiated a stock buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the transaction, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,183 shares of company stock valued at $1,071,501 over the last three months. 0.54% of the stock is currently owned by company insiders.

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.