2,808 Shares in Johnson Controls International plc $JCI Purchased by Mill Creek Capital Advisors LLC

Key Points

• Mill Creek Capital Advisors LLC has acquired a new position in Johnson Controls International by purchasing 2,808 shares valued at approximately $225,000 during the first quarter.
• Analysts have raised their target prices for Johnson Controls International, with UBS Group setting a new target of $116.00 and JPMorgan Chase & Co. increasing their target from $81.00 to $98.00.
• Johnson Controls recently announced a $9.00 billion share repurchase plan, indicating the management's belief that the company's shares are undervalued.

Mill Creek Capital Advisors LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,808 shares of the company's stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JCI. Accent Capital Management LLC bought a new position in shares of Johnson Controls International in the first quarter worth $26,000. Cornerstone Planning Group LLC grew its stake in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Community Bank N.A. bought a new position in shares of Johnson Controls International in the first quarter worth $32,000. Rossby Financial LCC bought a new position in shares of Johnson Controls International in the first quarter worth $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Johnson Controls International in the first quarter worth $43,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on JCI. Citigroup increased their price target on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" 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 increased their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Zacks Research raised Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, Robert W. Baird increased their price target on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $105.72.

Insider Buying and Selling at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction 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 completion of the sale, the vice president directly owned 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Friday, August 1st. The stock was 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 of the company's stock, 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 quarter, insiders have sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

Shares of JCI traded up $2.3630 during trading hours on Friday, hitting $107.1130. 5,090,912 shares of the company were exchanged, compared to its average volume of 5,762,699. The company has a market capitalization of $70.09 billion, a PE ratio of 31.78, a PEG ratio of 1.86 and a beta of 1.30. 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 has a fifty day simple moving average of $105.86 and a 200-day simple moving average of $93.53. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The company 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, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

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

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.