Mirova US LLC boosted its position in Johnson Controls International plc (NYSE:JCI – Free Report) by 69.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,514 shares of the company’s stock after buying an additional 10,059 shares during the period. Mirova US LLC’s holdings in Johnson Controls International were worth $2,589,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC increased its holdings in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares in the last quarter. Accent Capital Management LLC bought a new stake in Johnson Controls International during the 1st quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its holdings in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Activest Wealth Management increased its holdings in Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 133 shares in the last quarter. Finally, Community Bank N.A. bought a new stake in Johnson Controls International during the 1st quarter worth approximately $32,000. 90.05% of the stock is owned by institutional investors.
Analyst Ratings Changes
JCI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday, September 27th. Oppenheimer downgraded Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Robert W. Baird boosted their target price on Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Barclays boosted their target price on Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.00.
Insider Activity at Johnson Controls International
In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s 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 transaction, the vice president owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $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 quarter, insiders sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is owned by company insiders.
Johnson Controls International Price Performance
Johnson Controls International stock opened at $108.26 on Wednesday. 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. The business’s 50 day simple moving average is $106.84 and its 200 day simple moving average is $98.77. The company has a market cap of $70.85 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.64 and a beta of 1.33.
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS 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 business 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. Sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International Increases Dividend
The company also recently disclosed 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. The ex-dividend date is Monday, September 22nd. This is a positive change 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 (DPR) is currently 47.48%.
Johnson Controls International announced that its board has initiated a stock repurchase program on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
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.
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