National Bank of Canada FI Sells 20,706 Shares of Johnson Controls International plc $JCI

Key Points

• National Bank of Canada FI reduced its stake in Johnson Controls International plc by 66.9% in Q1, resulting in ownership of 10,262 shares worth approximately $822,000.
• Several institutional investors increased their holdings, with Bank Pictet & Cie Europe AG boosting its stake by 67.4%, now owning 88,569 shares valued at about $6.99 million.
• Johnson Controls announced a $9 billion share buyback plan, indicating the board's belief that the stock is undervalued, alongside a recent dividend declaration of $0.37 per share.

National Bank of Canada FI decreased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 66.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,262 shares of the company's stock after selling 20,706 shares during the period. National Bank of Canada FI's holdings in Johnson Controls International were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in JCI. Brighton Jones LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $222,000. Bank Pictet & Cie Europe AG boosted its position in shares of 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 worth $6,991,000 after acquiring an additional 35,655 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of Johnson Controls International by 14.1% during the 4th quarter. Townsquare Capital LLC now owns 16,093 shares of the company's stock worth $1,270,000 after acquiring an additional 1,992 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $225,000. Finally, Mariner LLC boosted its position in shares of Johnson Controls International by 16.0% during the 4th quarter. Mariner LLC now owns 154,391 shares of the company's stock worth $12,186,000 after acquiring an additional 21,339 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following the completion of the sale, the vice president directly owned 140,881 shares of the company's stock, valued at approximately $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of Johnson Controls International 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 completion of the sale, the vice president directly owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,266 shares of company stock valued at $1,986,931. Insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 1.2%

NYSE JCI traded down $1.2430 during mid-day trading on Tuesday, reaching $104.4670. 5,170,041 shares of the stock were exchanged, compared to its average volume of 4,770,138. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63. The stock has a 50 day simple moving average of $105.64 and a 200-day simple moving average of $92.97. The stock has a market cap of $68.36 billion, a P/E ratio of 31.00, a P/E/G ratio of 1.84 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.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates 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. On average, analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has authorized a stock repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes 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 management believes its stock is undervalued.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were paid a $0.37 dividend. 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 payout ratio is 43.92%.

Analyst Ratings Changes

Several analysts recently issued reports on JCI shares. Robert W. Baird increased their price target 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. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and raised their target price for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a research report on Thursday, May 8th. UBS Group restated a "buy" rating and issued a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Johnson Controls International has an average rating of "Hold" and an average price target of $105.17.

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.