Vident Advisory LLC Acquires 15,391 Shares of Johnson Controls International plc $JCI

Key Points

• Vident Advisory LLC increased its stake in Johnson Controls International plc by 131.0% in Q1, owning 27,144 shares valued at $2,175,000.
• Several institutional investors, including Truvestments Capital LLC, have also significantly increased their positions, leading to 90.05% of the stock owned by hedge funds and institutions.
• Johnson Controls recently declared a share repurchase plan worth $9.00 billion and announced a quarterly dividend of $0.37, reflecting a strong financial position.

Vident Advisory LLC raised its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 131.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,144 shares of the company's stock after acquiring an additional 15,391 shares during the quarter. Vident Advisory LLC's holdings in Johnson Controls International were worth $2,175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Johnson Controls International by 0.4% in 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 last quarter. Raymond James Financial Inc. boosted its stake in Johnson Controls International by 2.5% in the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after acquiring an additional 178,169 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Johnson Controls International by 14.4% in the fourth 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 acquiring an additional 777,031 shares during the last quarter. American Century Companies Inc. boosted its stake in Johnson Controls International by 12.8% in the first quarter. American Century Companies Inc. now owns 3,075,629 shares of the company's stock valued at $246,389,000 after acquiring an additional 349,209 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Johnson Controls International by 13.1% in the first quarter. Deutsche Bank AG now owns 2,741,147 shares of the company's stock valued at $219,593,000 after acquiring an additional 317,266 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 1.0%

Shares of JCI stock traded down $1.03 during trading on Friday, reaching $106.06. The company's stock had a trading volume of 4,278,864 shares, compared to its average volume of 4,741,047. The business has a fifty day moving average price of $106.51 and a 200-day moving average price of $94.69. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The company has a market cap of $69.40 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The business 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. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its board has initiated a stock buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's payout ratio is currently 43.92%.

Insider Buying and Selling 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 on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock worth $1,071,501 over the last ninety days. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and boosted their price target for the company from $101.00 to $112.00 in a report on Monday, May 12th. Royal Bank Of Canada raised their price objective on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Citigroup boosted their target price on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Johnson Controls International currently has an average rating of "Hold" and an average target price of $105.72.

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.