USA Financial Formulas Increases Stock Holdings in Johnson Controls International plc $JCI

Key Points

• USA Financial Formulas increased its stock holdings in Johnson Controls International plc by 367% in the second quarter, bringing its total ownership to 13,689 shares valued at $1,446,000.
• Johnson Controls International declared a quarterly dividend increase to $0.40, up from the previous $0.37, scheduled for payment on October 17th.
• Several research firms have set new price targets for Johnson Controls, with Morgan Stanley raising its target from $115.00 to $125.00 and giving the stock an "overweight" rating.

USA Financial Formulas increased its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 367.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,689 shares of the company's stock after buying an additional 10,758 shares during the period. USA Financial Formulas' holdings in Johnson Controls International were worth $1,446,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC acquired a new position in Johnson Controls International during the second quarter worth about $262,000. Newman Dignan & Sheerar Inc. acquired a new stake in shares of Johnson Controls International in the second quarter valued at approximately $243,000. SOA Wealth Advisors LLC. increased its stake in shares of Johnson Controls International by 7.7% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 10,146 shares of the company's stock worth $1,072,000 after purchasing an additional 725 shares in the last quarter. First Pacific Financial acquired a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $500,000. Finally, Trust Co. of Vermont lifted its stake in Johnson Controls International by 15.3% in the 2nd quarter. Trust Co. of Vermont now owns 1,773 shares of the company's stock valued at $187,000 after buying an additional 235 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 0.9%

Shares of NYSE:JCI opened at $108.92 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a market cap of $71.28 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 1.96 and a beta of 1.33. The stock's 50-day moving average price is $106.87 and its two-hundred day moving average price is $97.93. 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 posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates 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 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. On average, research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its Board of Directors 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 purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Johnson Controls International Increases Dividend

The business 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 is a boost from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. Johnson Controls International's dividend payout ratio (DPR) is 47.48%.

Insider Buying and Selling at Johnson Controls International

In other 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 transaction of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the 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 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. Insiders have sold a total of 8,761 shares of company stock valued at $922,447 over the last three months. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on JCI. Robert W. Baird raised 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. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Morgan Stanley boosted their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Barclays upped their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Finally, Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Johnson Controls International presently has an average rating of "Hold" and an average price target of $108.28.

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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