Financial Insights Inc. Makes New Investment in Johnson Controls International plc $JCI

Financial Insights Inc. purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,237 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Brighton Jones LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $222,000. Hennion & Walsh Asset Management Inc. lifted its position in Johnson Controls International by 15.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company’s stock worth $530,000 after acquiring an additional 882 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Johnson Controls International by 75.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,020 shares of the company’s stock worth $162,000 after acquiring an additional 866 shares during the period. Annex Advisory Services LLC raised its stake in shares of Johnson Controls International by 17.8% during the 1st quarter. Annex Advisory Services LLC now owns 3,084 shares of the company’s stock valued at $247,000 after buying an additional 466 shares during the last quarter. Finally, Procyon Advisors LLC raised its stake in shares of Johnson Controls International by 16.9% during the 1st quarter. Procyon Advisors LLC now owns 4,019 shares of the company’s stock valued at $322,000 after buying an additional 580 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday, September 27th. Finally, The Goldman Sachs Group lifted their price target on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $109.00.

Johnson Controls International Trading Up 0.0%

JCI stock opened at $108.70 on Friday. The stock has a market cap of $71.13 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.64 and a beta of 1.33. The business’s 50-day moving average is $106.78 and its 200 day moving average is $98.41. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. 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 issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. 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, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The firm 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. 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 is Monday, September 22nd. Johnson Controls International’s payout ratio is currently 47.48%.

Johnson Controls International announced that its Board of Directors has initiated a share repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of the company’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 directly owned 139,459 shares in the company, 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 SEC, which is accessible through this link. Also, 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 transaction, the vice president owned 25,005 shares in the company, 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 sold 8,761 shares of company stock worth $922,447 over the last quarter. 0.54% of the stock is currently owned by insiders.

Johnson Controls International 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.