NewEdge Advisors LLC Buys 4,823 Shares of Johnson Controls International plc $JCI

Key Points

• NewEdge Advisors LLC increased its stake in Johnson Controls International by 3.8%, owning 131,599 shares valued at approximately $10.54 million as of the end of the recent quarter.
• The company's quarterly earnings exceeded expectations, with an EPS of $1.05 compared to the consensus estimate of $0.99, alongside a revenue of $6.05 billion.
• Johnson Controls International has initiated a $9 billion stock buyback plan, which is seen as a sign that management believes its shares are undervalued.

NewEdge Advisors LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,599 shares of the company's stock after acquiring an additional 4,823 shares during the period. NewEdge Advisors LLC's holdings in Johnson Controls International were worth $10,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock worth $5,483,104,000 after purchasing an additional 288,576 shares during the period. Raymond James Financial Inc. increased its stake in shares of Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock worth $591,078,000 after purchasing an additional 178,169 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Johnson Controls International by 14.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,168,593 shares of the company's stock worth $486,887,000 after purchasing an additional 777,031 shares during the period. Amundi increased its stake in shares of Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company's stock worth $366,412,000 after purchasing an additional 860,899 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Johnson Controls International by 12.8% during the first quarter. American Century Companies Inc. now owns 3,075,629 shares of the company's stock worth $246,389,000 after purchasing an additional 349,209 shares during the period. Institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of recent research reports. Citigroup increased their target price on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Robert W. Baird raised their price objective on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Zacks Research upgraded Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group restated a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, Morgan Stanley raised their price objective on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of "Hold" and a consensus target price of $105.72.

Insiders Place Their Bets

In related news, 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 sale, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. This 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 worth $1,071,501 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

Shares of JCI traded down $0.24 during midday trading on Friday, hitting $107.59. The company's stock had a trading volume of 891,619 shares, compared to its average volume of 4,710,840. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. The company's fifty day simple moving average is $106.68 and its two-hundred day simple moving average is $95.35. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $70.40 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly 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 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, equities analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal 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 dividend of $0.40 per share. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio is presently 47.48%.

Johnson Controls International announced that its Board of Directors has authorized a share repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership 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.