Woodline Partners LP Buys 456,126 Shares of Johnson Controls International plc $JCI

Key Points

• Woodline Partners LP significantly increased its stake in Johnson Controls International plc by 3,451.6%, owning approximately 469,341 shares worth around $37.6 million as of its latest SEC filing.
• Johnson Controls reported a quarterly earnings per share (EPS) of $1.05, surpassing analysts' expectations of $0.99, with revenue of $6.05 billion, which also exceeded projections.
• The company is undertaking a $9.00 billion stock repurchase plan, allowing it to buy back up to 13.4% of its shares, indicating confidence from its board regarding the company's stock valuation.

Woodline Partners LP lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3,451.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 469,341 shares of the company's stock after acquiring an additional 456,126 shares during the quarter. Woodline Partners LP owned approximately 0.07% of Johnson Controls International worth $37,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Nuveen LLC purchased a new stake in Johnson Controls International in the first quarter worth $219,110,000. AQR Capital Management LLC grew its stake in shares of Johnson Controls International by 747.6% in the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company's stock worth $159,186,000 after acquiring an additional 1,794,089 shares during the last quarter. Alkeon Capital Management LLC purchased a new stake in shares of Johnson Controls International in the first quarter worth $112,154,000. GAMMA Investing LLC grew its stake in shares of Johnson Controls International by 10,137.2% in the first quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock worth $94,467,000 after acquiring an additional 1,167,700 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Johnson Controls International by 65.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,560,645 shares of the company's stock worth $202,112,000 after acquiring an additional 1,012,067 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

JCI stock traded down $0.27 during trading on Friday, reaching $107.55. The stock had a trading volume of 2,826,261 shares, compared to its average volume of 4,314,553. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. The stock's 50 day moving average is $106.70 and its two-hundred day moving average is $95.51. 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 $70.38 billion, a PE ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The company had revenue of $6.05 billion for 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. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International declared that its board has approved a stock repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The company also recently announced 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 positive change from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's dividend payout ratio is currently 43.92%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were 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 approximately $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,183 shares of company stock worth $1,071,501. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. UBS Group reissued a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Barclays increased their target price on Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their target price 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. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of "Hold" and an average price target of $105.72.

Johnson Controls International 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.