Bayforest Capital Ltd Cuts Holdings in Johnson Controls International plc $JCI

Bayforest Capital Ltd lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 77.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 688 shares of the company’s stock after selling 2,397 shares during the quarter. Bayforest Capital Ltd’s holdings in Johnson Controls International were worth $55,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JCI. Brighton Jones LLC acquired a new stake in Johnson Controls International during the 4th quarter valued at $222,000. Bank Pictet & Cie Europe AG grew its holdings in Johnson Controls International by 67.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company’s stock valued at $6,991,000 after buying an additional 35,655 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Johnson Controls International by 122.6% during the 4th quarter. Quantinno Capital Management LP now owns 82,649 shares of the company’s stock valued at $6,524,000 after buying an additional 45,524 shares during the last quarter. ProShare Advisors LLC grew its holdings in Johnson Controls International by 14.2% during the 4th quarter. ProShare Advisors LLC now owns 96,667 shares of the company’s stock valued at $7,630,000 after buying an additional 12,055 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in Johnson Controls International by 11.4% during the 4th quarter. Rafferty Asset Management LLC now owns 62,400 shares of the company’s stock valued at $4,925,000 after buying an additional 6,386 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.3%

Shares of JCI opened at $107.55 on Friday. 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 capitalization of $70.38 billion, a P/E ratio of 31.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The stock’s fifty day simple moving average is $106.70 and its 200 day simple moving average is $95.59. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 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. On average, equities research analysts forecast 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 plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be given a $0.40 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. Johnson Controls International’s dividend payout ratio is 43.92%.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, 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 sold a total of 10,183 shares of company stock worth $1,071,501 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of analyst reports. The Goldman Sachs Group increased their target price on Johnson Controls International from $103.00 to $116.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Citigroup raised their price objective on Johnson Controls International from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Zacks Research upgraded Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Jefferies Financial Group restated a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Finally, Barclays raised their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.