Stoneridge Investment Partners LLC Acquires Shares of 7,102 Johnson Controls International plc $JCI

Key Points

• Stoneridge Investment Partners LLC invested approximately $569,000 in Johnson Controls International plc by purchasing 7,102 shares in the first quarter.
• Johnson Controls recently announced a share buyback plan allowing the company to repurchase up to $9.00 billion in shares, indicating management's belief that stock is undervalued.
• The company declared a quarterly dividend of $0.37 per share, reflecting an annualized payout of $1.48 and a yield of 1.4%.

Stoneridge Investment Partners LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,102 shares of the company's stock, valued at approximately $569,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Johnson Controls International during the first quarter worth about $219,110,000. GAMMA Investing LLC raised its position in Johnson Controls International by 10,137.2% during the first quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock worth $94,467,000 after acquiring an additional 1,167,700 shares during the last quarter. Northern Trust Corp raised its position in Johnson Controls International by 18.1% during the fourth quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock worth $528,103,000 after acquiring an additional 1,026,623 shares during the last quarter. Nuveen Asset Management LLC raised its position in Johnson Controls International by 65.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,560,645 shares of the company's stock worth $202,112,000 after acquiring an additional 1,012,067 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in Johnson Controls International during the fourth quarter worth about $78,625,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the 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 transaction, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president owned 140,881 shares in the company, valued at $14,607,950.89. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,266 shares of company stock valued at $1,986,931 over the last 90 days. Insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 2.3%

Shares of NYSE:JCI traded up $2.3630 during trading on Friday, reaching $107.1130. The stock had a trading volume of 5,090,912 shares, compared to its average volume of 5,762,699. Johnson Controls International plc has a fifty-two week low of $67.68 and a fifty-two week high of $112.63. The business has a fifty day moving average price of $105.86 and a 200-day moving average price of $93.53. The stock has a market cap of $70.09 billion, a P/E ratio of 31.78, a PEG ratio of 1.86 and a beta of 1.30. 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 (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. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates 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. As a group, 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 has approved a share buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase 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 Dividend Announcement

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

Analyst Ratings Changes

JCI has been the subject of a number of research reports. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Barclays boosted their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Citigroup boosted their price objective on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a research report 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $105.72.

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.