Virtu Financial LLC Takes Position in Johnson Controls International plc $JCI

Key Points

• Virtu Financial LLC acquired a new position in Johnson Controls International plc, buying 5,512 shares valued at approximately $442,000 during the 1st quarter.
• Analysts show a positive outlook, with several upgrades and an average price target of $105.17 for Johnson Controls International amidst a mix of hold and buy ratings.
• The company recently declared a quarterly dividend of $0.37 per share and initiated a stock buyback program of up to $9.00 billion, reflecting confidence in its stock value.

Virtu Financial LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,512 shares of the company's stock, valued at approximately $442,000.

Several other large investors have also made changes to their positions in JCI. Accent Capital Management LLC bought a new stake in Johnson Controls International during the first quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its position in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares during the period. Community Bank N.A. bought a new stake in Johnson Controls International during the first quarter worth approximately $32,000. Rossby Financial LCC bought a new stake in Johnson Controls International during the first quarter worth approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Johnson Controls International during the first quarter worth approximately $43,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $0.72 during trading hours on Tuesday, reaching $104.99. The stock had a trading volume of 1,078,261 shares, compared to its average volume of 4,743,993. The business's fifty day moving average is $105.64 and its two-hundred day moving average is $92.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market cap of $68.70 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 1.84 and a beta of 1.30. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

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

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders 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 currently 43.92%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction on Friday, June 6th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $103.69, for a total value of $147,447.18. Following the transaction, the vice president owned 140,881 shares of the company's stock, valued at $14,607,950.89. This represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,266 shares of company stock valued at $1,986,931 over the last quarter. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Robert W. Baird upped their target price 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. UBS Group reaffirmed a "buy" rating and set a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Zacks Research raised Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Finally, Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a research report on Thursday, May 8th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of "Hold" and a consensus price target of $105.17.

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.