Robeco Institutional Asset Management B.V. Has $142.02 Million Position in Johnson Controls International plc $JCI

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its holdings in Johnson Controls International by 112.6%, bringing its total to 1,344,646 shares, valued at approximately $142 million.
• Johnson Controls International reported earnings of $1.05 per share for the latest quarter, surpassing analysts' expectations, with a revenue of $6.05 billion.
• The company authorized a $9 billion stock buyback program, indicating confidence in the stock’s valuation, and recently increased its quarterly dividend from $0.37 to $0.40 per share.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 112.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,344,646 shares of the company's stock after acquiring an additional 712,222 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.20% of Johnson Controls International worth $142,022,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JCI. Brighton Jones LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $222,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Johnson Controls International by 6.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,772 shares of the company's stock worth $4,481,000 after acquiring an additional 3,547 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Johnson Controls International by 218.1% during the 1st quarter. Merit Financial Group LLC now owns 41,229 shares of the company's stock worth $3,303,000 after acquiring an additional 28,266 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Johnson Controls International by 64.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 892 shares of the company's stock worth $71,000 after acquiring an additional 349 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Johnson Controls International by 15.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company's stock worth $530,000 after acquiring an additional 882 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

NYSE:JCI opened at $108.92 on Thursday. The stock has a fifty day moving average price of $106.87 and a 200-day moving average price of $97.93. The company has a market cap of $71.28 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 1.96 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. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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 anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Increases Dividend

The firm 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 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 is currently 47.48%.

Insider Buying and Selling at Johnson Controls International

In related 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 transaction 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 this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value 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. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JCI. Jefferies Financial Group reissued a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a report on Thursday, July 24th. The Goldman Sachs Group upped their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a report on Monday, September 15th. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Robert W. Baird upped their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Wells Fargo & Company upped their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $108.28.

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.

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