OMNI 360 Wealth Inc. Buys New Stake in Johnson Controls International plc $JCI

OMNI 360 Wealth Inc. purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,859 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Johnson Controls International during the 4th quarter valued at about $222,000. Bank Pictet & Cie Europe AG boosted its stake in shares of Johnson Controls International by 67.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company’s stock valued at $6,991,000 after purchasing an additional 35,655 shares during the period. ProShare Advisors LLC boosted its position in Johnson Controls International by 14.2% in 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 period. Rafferty Asset Management LLC grew its stake in shares of Johnson Controls International by 11.4% in the fourth quarter. Rafferty Asset Management LLC now owns 62,400 shares of the company’s stock worth $4,925,000 after acquiring an additional 6,386 shares in the last quarter. Finally, Stonebrook Private Inc. increased its holdings in Johnson Controls International by 1.6% during the 4th quarter. Stonebrook Private Inc. now owns 27,053 shares of the company’s stock worth $2,135,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction that occurred 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 sale, the vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred 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 owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% 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. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JCI shares. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Oppenheimer lowered shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Barclays boosted their target price on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group restated a “hold” rating and set a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.72.

Johnson Controls International Stock Down 0.3%

Johnson Controls International stock opened at $107.55 on Monday. The stock has a 50 day moving average of $106.70 and a two-hundred day moving average of $95.67. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31. 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 (NYSE:JCI) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) 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 business had revenue of $6.05 billion for 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. As a group, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International declared that its Board of Directors has authorized a share buyback program on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are typically 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. Stockholders of record on Monday, September 22nd will be paid a $0.40 dividend. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date 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 (DPR) is 47.48%.

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.