Temasek Holdings Private Ltd Sells 17,194 Shares of Johnson Controls International plc $JCI

Key Points

• Temasek Holdings Private Ltd reduced its stake in Johnson Controls International plc by 12.6% during the first quarter, selling 17,194 shares and now holding a total of 118,794 shares valued at approximately $9.5 million.
• Johnson Controls International recently announced a quarterly dividend of $0.37 per share, which reflects an annual yield of 1.4% and a payout ratio of 43.92%.
• The company's stock has shown volatility with a 1-year low of $67.68 and a 1-year high of $112.63, currently trading around $106.06.

Temasek Holdings Private Ltd trimmed its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 12.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,794 shares of the company's stock after selling 17,194 shares during the quarter. Temasek Holdings Private Ltd's holdings in Johnson Controls International were worth $9,517,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock valued at $5,483,104,000 after acquiring an additional 288,576 shares during the period. Raymond James Financial Inc. lifted its holdings in Johnson Controls International by 2.5% in the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock worth $591,078,000 after buying an additional 178,169 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Johnson Controls International by 14.4% in the 4th 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 in the last quarter. Amundi raised its stake in shares of Johnson Controls International by 22.2% in the 1st 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 in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Johnson Controls International by 12.8% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

JCI has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research 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 stock a "neutral" rating in a research report on Thursday, July 17th. UBS Group reaffirmed a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Trading Up 1.4%

Shares of NYSE:JCI traded up $1.46 during mid-day trading on Wednesday, hitting $107.75. The stock had a trading volume of 4,137,680 shares, compared to its average volume of 4,733,760. The company has a market cap of $70.51 billion, a PE 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 quick ratio of 0.81 and a current ratio of 0.96. The company's 50 day moving average is $106.60 and its 200-day moving average is $95.10. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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 year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.5%. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio is currently 43.92%.

Johnson Controls International declared that its board has authorized a share repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction 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 represents a 19.14% 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 worth $1,071,501. Company insiders own 0.54% of the company's stock.

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.