Rempart Asset Management Inc. Sells 16,550 Shares of Johnson Controls International plc $JCI

Key Points

• Rempart Asset Management Inc. sold 16,550 shares of Johnson Controls International, decreasing its stake by 6.1%, and now holds approximately 253,488 shares.
• Johnson Controls International reported earnings of $1.05 per share for the last quarter, exceeding expectations, and has set FY 2025 EPS guidance at 3.650-3.680.
• The company Board approved a $9 billion share repurchase plan, which allows for buying back up to 13.4% of its stock, indicating potential belief in the stock's undervaluation.

Rempart Asset Management Inc. decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,488 shares of the company's stock after selling 16,550 shares during the quarter. Johnson Controls International makes up about 5.1% of Rempart Asset Management Inc.'s investment portfolio, making the stock its 5th biggest holding. Rempart Asset Management Inc.'s holdings in Johnson Controls International were worth $26,773,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of Johnson Controls International by 69.8% during the 1st quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock worth $9,057,000 after buying an additional 46,459 shares during the last quarter. G&S Capital LLC increased its position in Johnson Controls International by 81.4% during the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company's stock worth $2,431,000 after buying an additional 13,612 shares during the period. GAMMA Investing LLC boosted its holdings in Johnson Controls International by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after purchasing an additional 3,201 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Johnson Controls International by 2,213.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after acquiring an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock worth $480,000 after buying an additional 1,096 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Trading Up 1.2%

Shares of Johnson Controls International stock opened at $107.08 on Monday. The company has a market capitalization of $70.07 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. The stock has a fifty day simple moving average of $106.86 and a 200 day simple moving average of $97.57. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its Board of Directors has approved a share repurchase plan on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. This is a positive change 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 47.48%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the company'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 completion of the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated 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 of the company's stock, 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 valued at $1,071,501 in the last three months. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JCI. 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. Barclays raised their target price on Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Royal Bank Of Canada upped their price objective on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $108.28.

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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