MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 22,181 Shares of Johnson Controls International plc $JCI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Johnson Controls International plc by 15.0%, now holding 125,420 shares worth approximately $10.05 million.
• In contrast, several hedge funds, including Truvestments Capital LLC and Cornerstone Planning Group LLC, have significantly increased their positions in Johnson Controls International during the first quarter.
• The company announced a $9 billion stock buyback program, indicating that its board believes the stock is undervalued, while recent analyst ratings show mixed sentiment with target prices ranging from $90.00 to $125.00.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 15.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 125,420 shares of the company's stock after selling 22,181 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Johnson Controls International were worth $10,047,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC boosted its holdings in shares of Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC bought a new stake in shares of Johnson Controls International during the first quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its holdings in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares during the period. Activest Wealth Management boosted its holdings in shares of Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 133 shares during the period. Finally, Community Bank N.A. bought a new stake in shares of Johnson Controls International during the first quarter worth approximately $32,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

JCI traded down $0.27 during trading on Friday, hitting $107.55. 2,826,261 shares of the stock traded hands, compared to its average volume of 4,314,553. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The company 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 business has a 50 day moving average price of $106.70 and a 200 day moving average price of $95.51.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

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

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. Johnson Controls International's dividend payout ratio (DPR) is currently 43.92%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock valued at $1,071,501 over the last quarter. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Robert W. Baird lifted their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Barclays lifted their price target on shares of 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, Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Johnson Controls International presently has an average rating of "Hold" and an average target price of $105.72.

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.