Johnson Controls International plc $JCI Stock Holdings Trimmed by AMF Tjanstepension AB

AMF Tjanstepension AB lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 59.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,684 shares of the company’s stock after selling 410,912 shares during the quarter. AMF Tjanstepension AB’s holdings in Johnson Controls International were worth $30,039,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Johnson Controls International during the fourth quarter worth $222,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Johnson Controls International by 15.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company’s stock worth $530,000 after purchasing an additional 882 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Johnson Controls International by 75.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,020 shares of the company’s stock worth $162,000 after purchasing an additional 866 shares during the period. Annex Advisory Services LLC lifted its position in shares of Johnson Controls International by 17.8% in the 1st quarter. Annex Advisory Services LLC now owns 3,084 shares of the company’s stock worth $247,000 after buying an additional 466 shares during the last quarter. Finally, Curat Global LLC acquired a new position in shares of Johnson Controls International in the 1st quarter valued at about $1,197,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $108.70 on Friday. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. 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 firm has a market capitalization of $71.13 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The business has a 50 day simple moving average of $106.78 and a 200 day simple moving average of $98.31.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.05 billion for 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. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. Johnson Controls International’s dividend payout ratio is currently 47.48%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JCI shares. Oppenheimer lowered shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Morgan Stanley upped their target price on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price target on shares of Johnson Controls International in a research report on Thursday, July 24th. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Royal Bank Of Canada upped their price objective on Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.28.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on 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 transaction, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $922,447 in the last quarter. 0.54% of the stock is currently owned by insiders.

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.