Symmetry Partners LLC Makes New $271,000 Investment in Johnson Controls International plc $JCI

Key Points

• Symmetry Partners LLC made a new investment of approximately $271,000 in Johnson Controls International plc, acquiring 2,565 shares during the second quarter.
• Several institutional investors, including Nuveen LLC and AQR Capital Management LLC, significantly increased their stakes in Johnson Controls, indicating strong interest in the company's stock.
• Johnson Controls International recently announced an increase in its quarterly dividend to $0.40 per share, reflecting a strong financial position and commitment to returning value to shareholders.

Symmetry Partners LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,565 shares of the company's stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in Johnson Controls International during the first quarter valued at approximately $219,110,000. AQR Capital Management LLC boosted its position in Johnson Controls International by 747.6% during the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company's stock worth $159,186,000 after purchasing an additional 1,794,089 shares in the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Johnson Controls International in the first quarter valued at approximately $112,154,000. Voya Investment Management LLC lifted its position in shares of Johnson Controls International by 637.1% in the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company's stock valued at $125,578,000 after acquiring an additional 1,354,912 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 buying an additional 1,167,700 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,183 shares of company stock worth $1,071,501. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on JCI shares. The Goldman Sachs Group raised their target price on Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Citigroup boosted their target price on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Zacks Research raised Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Morgan Stanley lifted their price target on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Royal Bank Of Canada lifted their price target on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $108.28.

Johnson Controls International Trading Up 1.2%

Shares of Johnson Controls International stock opened at $107.08 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The firm has a market cap of $70.07 billion, a PE ratio of 31.77, a P/E/G ratio of 1.90 and a beta of 1.31. The business's fifty day moving average is $106.86 and its two-hundred day moving average is $97.43. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its board 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 repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's dividend payout ratio is presently 47.48%.

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.

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