Stance Capital LLC Buys 10,430 Shares of Johnson Controls International plc $JCI

Key Points

• Stance Capital LLC significantly increased its stake in Johnson Controls International by 80,230.8%, owning 10,443 shares valued at approximately $837,000.
• Johnson Controls International reported $1.05 EPS for the latest quarter, exceeding expectations and provided future earnings guidance of 3.650-3.680 EPS for FY 2025.
• The company has authorized a share repurchase plan allowing it to buy back up to $9 billion in shares, indicating the board's confidence in the stock's value.

Stance Capital LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 80,230.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,443 shares of the company's stock after acquiring an additional 10,430 shares during the period. Stance Capital LLC's holdings in Johnson Controls International were worth $837,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock worth $5,483,104,000 after buying an additional 288,576 shares during the last quarter. Raymond James Financial Inc. lifted its position in Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after purchasing an additional 178,169 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Johnson Controls International by 14.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,168,593 shares of the company's stock valued at $486,887,000 after purchasing an additional 777,031 shares during the period. Amundi lifted its position in Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company's stock valued at $366,412,000 after purchasing an additional 860,899 shares during the period. Finally, American Century Companies Inc. lifted its position in Johnson Controls International by 12.8% during the first quarter. American Century Companies Inc. now owns 3,075,629 shares of the company's stock valued at $246,389,000 after purchasing an additional 349,209 shares during the period. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $1.46 during trading on Wednesday, reaching $107.75. 4,137,680 shares of the stock traded hands, compared to its average volume of 4,733,760. The business has a fifty day simple moving average of $106.60 and a two-hundred day simple moving average of $95.10. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $112.63. The company has a market capitalization of $70.51 billion, a price-to-earnings ratio of 31.97, a P/E/G ratio of 1.91 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating 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 firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be issued a $0.40 dividend. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. Johnson Controls International's dividend payout ratio (DPR) is presently 43.92%.

Johnson Controls International announced that its board has authorized a share buyback program on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

JCI has been the topic of a number of research analyst reports. UBS Group restated a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a report on Thursday, July 24th. Robert W. Baird upped their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $105.72.

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction dated 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 transaction, the vice president owned 25,005 shares in the company, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is currently owned by company insiders.

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.