Impact Capital Partners Acquires Shares in Johnson Controls International plc

Impact Capital Partners LLC has made a strategic investment by acquiring a new position in Johnson Controls International plc (NYSE:JCI) during the 4th quarter, as disclosed in its recent Form 13F filing with the SEC. This institutional investor purchased 3,707 shares of the company, amounting to an estimated value of approximately $293,000.

Johnson Controls International is a notable player in the engineering sector, known for its building products and systems. The firm has attracted attention from various hedge funds, with several institutions also increasing their holdings in JCI. For instance, Raymond James Financial Inc. has established a new stake valued at about $568,309,000 during the same quarter. Another significant player, UBS Asset Management Americas LLC, enhanced its position in Johnson Controls International by an impressive 514.9%. UBS now owns 5,391,562 shares valued at approximately $418,439,000 after acquiring an additional 4,514,792 shares recently.

Amundi also expanded its holdings, increasing its position by 76.7% to own 3,870,478 shares valued at $309,422,000. Furthermore, ANTIPODES PARTNERS Ltd saw a remarkable increase in its stake by 391,951.9%, bringing its total to 1,215,361 shares worth $95,936,000 after a substantial purchase. Likewise, AMF Tjanstepension AB raised its ownership in the company by 500.7%, now holding 1,048,377 shares worth about $82,797,000. Currently, institutional investors and hedge funds collectively own about 90.05% of Johnson Controls International's stock.

Market Analyst Insights

Wall Street analysts have provided various outlooks for Johnson Controls International, issuing several reports on the company's stock. Most notably, StockNews.com recently downgraded JCI from a "buy" to a "hold" rating. In contrast, Argus upgraded the rating from "hold" to "buy" and set a price target of $88.00 for the stock. Additionally, Citigroup adjusted its price target downward from $85.00 to $84.00, labeling it as "neutral." However, UBS Group made a positive shift, upgrading the stock from "neutral" to "buy" with a new target price of $103.00. A total of eight analysts have rated the stock with a hold rating, while an equal number have recommended buying the shares. Overall, Johnson Controls International holds an average rating of "Moderate Buy" with a consensus target price of $91.27.

Insider Trading Activity

In related news, CEO George Oliver recently sold 205,168 shares of the company on February 7th, 2023. This transaction, executed at an average price of $88.03, amounted to approximately $18,060,939. The sale reduced his ownership stake in JCI by 14.00%. Additionally, VP Nathan D. Manning sold 1,421 shares at an average price of $76.44, totaling $108,621. This reduced his holdings by 0.95%. Over the last three months, insiders have sold a total of 706,050 shares valued at $61,972,667, with insiders owning only 0.54% of the total stock.

Current Stock Performance

As of the latest trading session, Johnson Controls International's stock was down 1.7%, opening at $77.33. The company's financial indicators show a debt-to-equity ratio of 0.50, a current ratio of 1.02, and a quick ratio of 0.86. With a market capitalization of $51.05 billion and a P/E ratio of 29.52, the company has a 12-month low of $59.83 and a high of $91.14. The company recently reported a quarterly EPS of $0.64, which exceeded analysts' expectations of $0.59, signaling strong performance with a return on equity of 15.11%. Analysts predict that Johnson Controls will report an annual EPS of 3.64.

Dividend Information

Johnson Controls International has also announced a quarterly dividend of $0.37 per share, set to be paid on April 17th. Investors who hold shares before the ex-dividend date on March 24th will receive this dividend. This translates to an annualized dividend of $1.48, resulting in a yield of 1.91%. The company's current dividend payout ratio is 56.49%.

Company Overview

Johnson Controls International plc operates within the engineering and manufacturing sector. The company, along with its subsidiaries, specializes in designing, manufacturing, and retrofitting building products and systems, catering to markets in the United States, Europe, Asia Pacific, and globally. Its operations are divided into four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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