Venturi Wealth Management LLC Raises Stock Position in Johnson Controls International plc $JCI

Venturi Wealth Management LLC grew its holdings in Johnson Controls International plc (NYSE:JCI) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,909 shares of the company’s stock after acquiring an additional 637 shares during the period. Venturi Wealth Management LLC’s holdings in Johnson Controls International were worth $1,047,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JCI. Nuveen LLC bought a new stake in shares of Johnson Controls International during the 1st quarter valued at $219,110,000. AQR Capital Management LLC grew its stake in shares of Johnson Controls International by 747.6% in the 1st quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock worth $159,186,000 after buying an additional 1,794,089 shares in the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Johnson Controls International in the 1st quarter worth $112,154,000. Voya Investment Management LLC boosted its stake in shares of Johnson Controls International by 637.1% during the 1st quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock worth $125,578,000 after purchasing an additional 1,354,912 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Johnson Controls International by 16,575.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,275,357 shares of the company’s stock worth $134,703,000 after purchasing an additional 1,267,709 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $108.43 on Thursday. The firm has a 50-day simple moving average of $106.92 and a 200-day simple moving average of $98.84. The stock has a market capitalization of $70.95 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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 analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its board has approved a stock buyback plan on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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 given a dividend of $0.40 per share. The ex-dividend date 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 (DPR) is 47.48%.

Insider Activity

In other Johnson Controls International 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on JCI shares. Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Robert W. Baird boosted their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday. Finally, Wolfe Research upped their price objective on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $109.00.

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.