Resona Asset Management Co. Ltd. Acquires New Shares in Johnson Controls International plc $JCI

Resona Asset Management Co. Ltd. bought a new position in Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 191,904 shares of the company’s stock, valued at approximately $20,269,000.

A number of other hedge funds also recently added to or reduced their stakes in JCI. Gilbert & Cook Inc. increased its holdings in shares of Johnson Controls International by 1.5% in the 2nd quarter. Gilbert & Cook Inc. now owns 6,769 shares of the company’s stock worth $715,000 after acquiring an additional 97 shares during the period. Grove Bank & Trust boosted its stake in Johnson Controls International by 3.5% during the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock valued at $329,000 after purchasing an additional 106 shares during the period. Keudell Morrison Wealth Management grew its position in Johnson Controls International by 4.1% in the 2nd quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock worth $285,000 after purchasing an additional 107 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of Johnson Controls International by 18.1% in the second quarter. REAP Financial Group LLC now owns 739 shares of the company’s stock valued at $78,000 after purchasing an additional 113 shares during the period. Finally, TIAA Trust National Association raised its holdings in shares of Johnson Controls International by 1.0% during the first quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after buying an additional 115 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Johnson Controls International from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. Wolfe Research boosted their price target on Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Barclays raised their price target on Johnson Controls International from $101.00 to $119.00 and gave the company an “equal weight” rating in a report on Thursday. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.56.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

NYSE:JCI opened at $122.25 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $109.32 and its 200 day moving average price is $103.86. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $123.37. The firm has a market cap of $80.00 billion, a P/E ratio of 36.28, a PEG ratio of 1.70 and a beta of 1.36.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.06. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.31 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. Johnson Controls International has set its FY 2026 guidance at 4.550-4.55 EPS. Q1 2026 guidance at 0.830-0.83 EPS. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were issued a $0.40 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is currently 47.48%.

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.