UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $509.02 Million Stock Holdings in Johnson Controls International plc $JCI

Key Points

• UBS Asset Management increased its stake in Johnson Controls International by 3.0%, owning approximately 6.35 million shares valued at $509 million as of the latest quarter.
• Several analysts have upgraded their target prices for Johnson Controls, with Wells Fargo raising its target from $100 to $130, indicating optimistic outlooks for the company.
• Johnson Controls announced a $9 billion stock repurchase plan, suggesting that its board believes shares are undervalued, which could positively impact stock performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,354,069 shares of the company's stock after buying an additional 185,476 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.97% of Johnson Controls International worth $509,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC increased its stake in shares of Johnson Controls International by 69.8% in the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after buying an additional 46,459 shares in the last quarter. G&S Capital LLC increased its stake in shares of Johnson Controls International by 81.4% in the first quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after buying an additional 13,612 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after buying an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Johnson Controls International by 2,213.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after buying an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock worth $480,000 after acquiring an additional 1,096 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 0.3%

Shares of Johnson Controls International stock traded down $0.27 during trading hours on Friday, hitting $107.55. The company's stock had a trading volume of 2,826,261 shares, compared to its average volume of 4,314,553. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The stock has a 50 day moving average of $106.70 and a 200 day moving average of $95.51. The company has a market capitalization of $70.38 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. 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 (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, topping the consensus estimate 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 company had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. Johnson Controls International's dividend payout ratio is currently 43.92%.

Johnson Controls International declared that its board has initiated a share buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JCI shares. The Goldman Sachs Group upped their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating and set a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Wells Fargo & Company upped their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and an average price target of $105.72.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated 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. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,183 shares of company stock valued at $1,071,501 over the last 90 days. Corporate insiders own 0.54% of the company's stock.

About Johnson Controls International

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.