OMNI 360 Wealth Inc. Purchases New Shares in Johnson Controls International plc $JCI

Key Points

• OMNI 360 Wealth Inc. has acquired 2,859 shares of Johnson Controls International plc, valued at approximately $302,000, marking a new position for the fund in the company's stock.
• Johnson Controls International announced a $9 billion stock buyback plan, signaling that its leadership believes the shares may be undervalued, alongside a recent increase in its quarterly dividend from $0.37 to $0.40 per share.
• Analysts have recently raised price targets for Johnson Controls International, with ratings ranging from "buy" to "hold," reflecting optimism about the company’s future performance and a current average price target of $105.72.

OMNI 360 Wealth Inc. acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,859 shares of the company's stock, valued at approximately $302,000.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Johnson Controls International during the 4th quarter worth about $222,000. Bank Pictet & Cie Europe AG boosted its position in shares of Johnson Controls International by 67.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock valued at $6,991,000 after buying an additional 35,655 shares during the period. ProShare Advisors LLC boosted its position in shares of Johnson Controls International by 14.2% during the fourth quarter. ProShare Advisors LLC now owns 96,667 shares of the company's stock valued at $7,630,000 after buying an additional 12,055 shares during the period. Rafferty Asset Management LLC grew its stake in shares of Johnson Controls International by 11.4% during the fourth quarter. Rafferty Asset Management LLC now owns 62,400 shares of the company's stock valued at $4,925,000 after buying an additional 6,386 shares during the last quarter. Finally, Stonebrook Private Inc. raised its holdings in shares of Johnson Controls International by 1.6% in the fourth quarter. Stonebrook Private Inc. now owns 27,053 shares of the company's stock worth $2,135,000 after buying an additional 426 shares during the period. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI opened at $107.55 on Monday. The company has a 50 day moving average of $106.70 and a two-hundred day moving average of $95.67. 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 price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

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 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 for the quarter, compared to analyst estimates 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. As a group, analysts predict 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 initiated a stock buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a $0.40 dividend. The ex-dividend date is Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend 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 (DPR) is presently 47.48%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms recently issued reports on JCI. Citigroup boosted their price objective on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. UBS Group reissued a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley boosted their price target on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $105.72.

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.

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