Russell Investments Group Ltd. Has $41.59 Million Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Russell Investments Group Ltd. increased its stake in Johnson Controls International by 9.7%, owning approximately $41.59 million worth of shares as of the latest SEC filing.
• Johnson Controls International announced a $9 billion share repurchase program, allowing the company to buy back up to 13.4% of its stock, indicating confidence in its valuation.
• In its recent quarterly earnings report, the company exceeded analysts' expectations with an EPS of $1.05 on revenues of $6.05 billion, and it declared a quarterly dividend of $0.37.

Russell Investments Group Ltd. lifted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 520,253 shares of the company's stock after acquiring an additional 45,976 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Johnson Controls International worth $41,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of JCI. Accent Capital Management LLC bought a new stake in shares of Johnson Controls International in the 1st quarter valued at $26,000. Cornerstone Planning Group LLC raised its holdings in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Community Bank N.A. bought a new position in shares of Johnson Controls International in the first quarter valued at approximately $32,000. Rossby Financial LCC bought a new position in Johnson Controls International in the 1st quarter valued at $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Johnson Controls International in the 1st quarter valued at $43,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.9%

Shares of JCI traded down $0.98 during trading on Tuesday, reaching $104.73. The company's stock had a trading volume of 1,317,583 shares, compared to its average volume of 4,745,232. The company has a market cap of $68.53 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.84 and a beta of 1.30. The company has a fifty day moving average of $105.64 and a two-hundred day moving average of $92.97. 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 plc has a twelve month low of $67.68 and a twelve month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for 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 predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's payout ratio is presently 43.92%.

Johnson Controls International announced that its board has initiated a share repurchase program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Zacks Research upgraded Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Royal Bank Of Canada lifted their price objective on shares of 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 lifted their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Barclays boosted their target price on 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. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Johnson Controls International has a consensus rating of "Hold" and an average target price of $105.17.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $103.69, for a total value of $147,447.18. Following the transaction, the vice president directly owned 140,881 shares of the company's stock, valued at $14,607,950.89. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the sale, the vice president directly owned 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,266 shares of company stock worth $1,986,931. 0.54% of the stock is owned by company insiders.

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.