Birmingham Capital Management Co. Inc. AL Has $834,000 Stake in Johnson Controls International plc $JCI

Birmingham Capital Management Co. Inc. AL decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 1.9% during the 1st quarter, Holdings Channel reports. The fund owned 10,407 shares of the company’s stock after selling 200 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Johnson Controls International were worth $834,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JCI. Truvestments Capital LLC lifted its holdings in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter valued at approximately $26,000. Cornerstone Planning Group LLC lifted its stake in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after buying an additional 155 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 133 shares during the period. Finally, Community Bank N.A. acquired a new position in shares of Johnson Controls International in the first quarter valued at approximately $32,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JCI shares. The Goldman Sachs Group increased their price objective on Johnson Controls International from $103.00 to $116.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Oppenheimer cut shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 20th. JPMorgan Chase & Co. raised their price objective on Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.72.

Insiders Place Their Bets

In other news, 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,183 shares of company stock worth $1,071,501. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

JCI opened at $107.75 on Thursday. 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 business has a fifty day simple moving average of $106.65 and a 200 day simple moving average of $95.18. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63. The company has a market capitalization of $70.51 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping 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 during 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. Research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

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

Johnson Controls International announced that its Board of Directors has authorized a share repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.