Vestmark Advisory Solutions Inc. Acquires 5,215 Shares of Johnson Controls International plc $JCI

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Johnson Controls International by 74.6%, owning a total of 12,206 shares valued at approximately $978,000.
• Johnson Controls reported earnings per share of $1.05, exceeding analysts' expectations, and announced a stock repurchase program worth $9 billion.
• The company's dividend was declared at $0.37 per share, resulting in an annualized yield of 1.4% with a payout ratio of 43.92%.

Vestmark Advisory Solutions Inc. lifted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 74.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,206 shares of the company's stock after purchasing an additional 5,215 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Johnson Controls International were worth $978,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its position in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares in the last quarter. Community Bank N.A. purchased a new position in shares of Johnson Controls International in the first quarter worth approximately $32,000. Rossby Financial LCC purchased a new position in shares of Johnson Controls International in the first quarter worth approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Johnson Controls International in the first quarter worth approximately $43,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of several analyst reports. Robert W. Baird lifted 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. Morgan Stanley lifted their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Nine 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, the company currently has an average rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Stock Up 3.0%

JCI traded up $3.12 on Friday, reaching $107.87. 1,034,953 shares of the company traded hands, compared to its average volume of 4,742,305. The stock's 50 day moving average price is $105.75 and its 200-day moving average price is $93.33. Johnson Controls International plc has a 52-week low of $67.68 and a 52-week high of $112.63. The company has a market cap of $70.59 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.89 and a beta of 1.30. 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping 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 business had revenue of $6.05 billion during the quarter, compared to analysts' expectations 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, sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 43.92%.

Johnson Controls International declared that its board has approved a stock buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Johnson Controls International

In related news, VP Anuruddha Rathninde sold 15,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president directly owned 42,574 shares in the company, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president owned 140,881 shares of the company's stock, valued at approximately $14,607,950.89. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,266 shares of company stock valued at $1,986,931. Corporate 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.