QRG Capital Management Inc. Boosts Stake in Johnson Controls International plc $JCI

Key Points

• QRG Capital Management Inc. has increased its stake in Johnson Controls International plc by 190.5%, owning approximately 0.06% of the company, valued at $39.4 million after acquiring additional shares in the second quarter.
• The company declared a quarterly dividend of $0.40 per share, a rise from the previous $0.37, representing an annual yield of 1.5% with a payout ratio of 47.48%.
• Analysts have rated Johnson Controls International as a "Moderate Buy" with a consensus target price of $108.28, while its current stock performance shows a market cap of $71.13 billion.

QRG Capital Management Inc. increased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 190.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 373,499 shares of the company's stock after acquiring an additional 244,942 shares during the period. QRG Capital Management Inc. owned approximately 0.06% of Johnson Controls International worth $39,449,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC increased its position in shares of Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International during the 1st quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its stake in Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after acquiring an additional 155 shares during the period. Activest Wealth Management increased its holdings in Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 133 shares in the last quarter. Finally, Community Bank N.A. acquired a new position in Johnson Controls International during the first quarter worth $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Johnson Controls International in a report on Saturday, September 27th. Barclays raised 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 note on Wednesday, July 30th. Royal Bank Of Canada lifted 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. Citigroup increased their target price on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird raised their target price on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.28.

Johnson Controls International Price Performance

NYSE:JCI opened at $108.70 on Friday. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. The stock has a market cap of $71.13 billion, a PE ratio of 32.25, a P/E/G ratio of 1.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a 50 day moving average price of $106.78 and a 200 day moving average price of $98.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data 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 return on equity of 14.71% and a net margin of 9.53%.The company 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. Equities research analysts expect that Johnson Controls International plc will post 3.64 EPS 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 is an increase from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. Johnson Controls International's dividend payout ratio (DPR) is 47.48%.

Johnson Controls International declared that its Board of Directors has approved 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 buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock worth $922,447 over the last ninety days. 0.54% of the stock is owned by insiders.

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.

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