Steward Partners Investment Advisory LLC Purchases 12,416 Shares of Johnson Controls International plc $JCI

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Johnson Controls International by 7.9%, owning 168,659 shares worth approximately $13.5 million as of the latest SEC filing.
• Recently, multiple large investors have also taken positions in Johnson Controls, with significant stakes from firms like Accent Capital Management and Cornerstone Planning Group.
• The company's board has authorized a $9 billion share buyback plan, signaling confidence in the stock's value, alongside recent analyst upgrades boosting the target price for JCI shares.

Steward Partners Investment Advisory LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,659 shares of the company's stock after purchasing an additional 12,416 shares during the period. Steward Partners Investment Advisory LLC's holdings in Johnson Controls International were worth $13,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. TIAA Trust National Association grew its position in Johnson Controls International by 1.0% in the first quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock worth $908,000 after acquiring an additional 115 shares in the last quarter. Strategic Blueprint LLC lifted its stake in shares of Johnson Controls International by 4.3% in the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock worth $239,000 after buying an additional 123 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Johnson Controls International by 1.4% in the first quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock worth $739,000 after buying an additional 124 shares during the last quarter. Sfmg LLC lifted its stake in shares of Johnson Controls International by 4.5% in the first quarter. Sfmg LLC now owns 2,913 shares of the company's stock worth $233,000 after buying an additional 125 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of Johnson Controls International by 2.7% in the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company's stock worth $405,000 after buying an additional 135 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 2.3%

JCI stock traded up $2.3630 during mid-day trading on Friday, hitting $107.1130. 4,774,177 shares of the company were exchanged, compared to its average volume of 4,759,167. 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 1-year low of $67.68 and a 1-year high of $112.63. The firm has a market cap of $70.09 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.89 and a beta of 1.30. The firm's 50 day simple moving average is $105.75 and its 200 day simple moving average is $93.33.

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 the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business had revenue of $6.05 billion during the quarter, compared to analysts' expectations 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. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were paid a $0.37 dividend. 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 43.92%.

Insider Transactions at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction dated Friday, August 1st. The stock was 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 approximately $14,607,950.89. The trade was a 1.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,266 shares of company stock valued at $1,986,931. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Barclays upped their target price 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. Robert W. Baird boosted their price target 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. Finally, Citigroup upped their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. 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, the company currently has an average rating of "Hold" and an average price target of $105.72.

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.