Varma Mutual Pension Insurance Co Purchases 56,600 Shares of Johnson Controls International plc $JCI

Key Points

• Varma Mutual Pension Insurance Co boosted its position in Johnson Controls by 58.4%, buying 56,600 shares to hold 153,506 shares valued at about $18.38 million at the end of the quarter.
• Institutional ownership stands at 90.05%, with major holders including State Street (28.68M shares) and Fisher Asset (16.96M), while Viking Global markedly increased its stake by 368.5%.
• Johnson Controls beat quarterly estimates (EPS $0.89 vs. $0.84; revenue $5.80B vs. $5.64B), set FY2026 EPS guidance at $4.70, pays a $0.40 quarterly dividend (1.1% yield), and carries a consensus analyst rating of "Hold" with a $137.81 price target.

Varma Mutual Pension Insurance Co increased its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 58.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,506 shares of the company's stock after acquiring an additional 56,600 shares during the period. Varma Mutual Pension Insurance Co's holdings in Johnson Controls International were worth $18,382,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company's stock worth $3,165,286,000 after acquiring an additional 163,167 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,959,249 shares of the company's stock worth $1,864,670,000 after acquiring an additional 354,266 shares during the last quarter. Capital World Investors raised its holdings in Johnson Controls International by 0.3% in the 3rd quarter. Capital World Investors now owns 7,535,476 shares of the company's stock worth $828,526,000 after acquiring an additional 19,550 shares during the last quarter. Northern Trust Corp raised its holdings in Johnson Controls International by 1.1% in the 3rd quarter. Northern Trust Corp now owns 6,907,287 shares of the company's stock worth $759,456,000 after acquiring an additional 72,917 shares during the last quarter. Finally, Viking Global Investors LP raised its holdings in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company's stock worth $747,324,000 after acquiring an additional 5,346,130 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wolfe Research decreased their price objective on shares of Johnson Controls International from $161.00 to $160.00 and set an "outperform" rating for the company in a report on Wednesday, April 8th. Melius Research set a $148.00 target price on shares of Johnson Controls International in a research report on Wednesday, January 7th. Rothschild & Co Redburn lifted their target price on shares of Johnson Controls International from $137.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a "neutral" rating in a research report on Monday, April 27th. Finally, Evercore initiated coverage on shares of Johnson Controls International in a research report on Monday, April 13th. They issued a "hold" rating and a $155.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $137.81.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director Mark Vergnano purchased 7,665 shares of the company's stock in a transaction dated Thursday, February 5th. The shares were acquired at an average price of $131.94 per share, for a total transaction of $1,011,320.10. Following the purchase, the director directly owned 37,602 shares of the company's stock, valued at $4,961,207.88. The trade was a 25.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of Johnson Controls International stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total transaction of $513,216.00. Following the transaction, the vice president owned 24,273 shares in the company, valued at $3,460,358.88. This represents a 12.92% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company's stock.

Johnson Controls International Trading Down 0.3%

NYSE:JCI opened at $144.60 on Tuesday. The company has a 50 day simple moving average of $137.54 and a two-hundred day simple moving average of $125.52. The company has a market cap of $88.50 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37. Johnson Controls International plc has a 12 month low of $87.31 and a 12 month high of $146.90. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.66.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $5.80 billion for the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 14.17% and a return on equity of 17.15%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. Johnson Controls International has set its FY 2026 guidance at 4.700-4.700 EPS and its Q2 2026 guidance at 1.110-1.110 EPS. Research analysts forecast that Johnson Controls International plc will post 4.75 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, March 16th. Johnson Controls International's dividend payout ratio (DPR) is currently 30.13%.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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