Strs Ohio Acquires New Shares in Johnson Controls International plc $JCI

Key Points

• Strs Ohio acquired a new position in Johnson Controls International plc, purchasing 171,833 shares totaling approximately $13.77 million.
• Wall Street analysts have raised their price targets for Johnson Controls International, with Wells Fargo increasing their target to $130.00 and UBS raising it to $116.00.
• Johnson Controls announced a quarterly dividend increase to $0.40 per share, reflecting a 1.5% yield, along with a $9 billion stock repurchase program.

Strs Ohio acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 171,833 shares of the company's stock, valued at approximately $13,766,000.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Johnson Controls International in the 1st quarter valued at $55,000. Belpointe Asset Management LLC lifted its holdings in shares of Johnson Controls International by 99.9% during the first quarter. Belpointe Asset Management LLC now owns 7,116 shares of the company's stock valued at $570,000 after acquiring an additional 3,557 shares during the period. Focus Partners Wealth boosted its stake in shares of Johnson Controls International by 15.4% in the 1st quarter. Focus Partners Wealth now owns 29,052 shares of the company's stock valued at $2,328,000 after purchasing an additional 3,881 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of Johnson Controls International in the 1st quarter worth about $223,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Johnson Controls International during the 1st quarter worth about $44,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,422 shares of the firm'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 transaction, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president owned 25,005 shares of the company's stock, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,183 shares of company stock worth $1,071,501. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Robert W. Baird increased their price target on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Zacks Research raised Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Barclays boosted their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, UBS Group restated a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Trading Up 0.2%

Shares of JCI stock traded up $0.26 on Monday, reaching $107.79. 4,277,722 shares of the stock were exchanged, compared to its average volume of 4,137,854. 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 plc has a one year low of $68.03 and a one year high of $112.63. The stock has a market cap of $70.54 billion, a PE ratio of 31.98, a P/E/G ratio of 1.92 and a beta of 1.31. The stock has a 50 day moving average price of $106.74 and a 200 day moving average price of $95.82.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping 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 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. Equities research analysts forecast 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 share repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is 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 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 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 22nd. Johnson Controls International's dividend payout ratio (DPR) is currently 43.92%.

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.