E Fund Management Hong Kong Co. Ltd. Acquires New Holdings in Johnson Controls International plc $JCI

E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,317 shares of the company’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also modified their holdings of JCI. Brighton Jones LLC bought a new stake in shares of Johnson Controls International during the fourth quarter valued at about $222,000. UMB Bank n.a. raised its stake in shares of Johnson Controls International by 16.9% during the first quarter. UMB Bank n.a. now owns 3,328 shares of the company’s stock valued at $267,000 after purchasing an additional 482 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Johnson Controls International by 8.9% during the first quarter. Capital Investment Advisors LLC now owns 3,862 shares of the company’s stock valued at $309,000 after purchasing an additional 317 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Johnson Controls International by 24.5% during the first quarter. Farther Finance Advisors LLC now owns 7,946 shares of the company’s stock valued at $647,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Johnson Controls International during the first quarter valued at about $1,350,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

JCI stock opened at $108.43 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. The firm has a market capitalization of $70.95 billion, a PE ratio of 32.18, a P/E/G ratio of 1.63 and a beta of 1.33. The firm has a 50-day moving average of $106.92 and a two-hundred day moving average of $98.84.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating 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 company had revenue of $6.05 billion during the quarter, compared to analyst estimates 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, analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.40 per share. This is a boost 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 payout ratio is currently 47.48%.

Johnson Controls International announced that its board has initiated a share repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JCI shares. Barclays lifted their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Morgan Stanley upped their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Wolfe Research upped their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Finally, Royal Bank Of Canada upped their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.00.

Insider Transactions 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 dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock valued at $922,447 over the last ninety days. Insiders own 0.54% of the company’s stock.

About Johnson Controls International

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.