Norris Perne & French LLP MI Invests $218,000 in Johnson Controls International plc $JCI

Norris Perne & French LLP MI purchased a new stake in Johnson Controls International plc (NYSE:JCI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,068 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its holdings in shares of Johnson Controls International by 69.8% in the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock valued at $9,057,000 after purchasing an additional 46,459 shares during the period. G&S Capital LLC raised its position in shares of Johnson Controls International by 81.4% during the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company’s stock valued at $2,431,000 after buying an additional 13,612 shares during the period. GAMMA Investing LLC lifted its holdings in Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock valued at $1,179,000 after acquiring an additional 3,201 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Johnson Controls International by 2,213.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company’s stock worth $57,748,000 after acquiring an additional 678,766 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its stake in Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company’s stock worth $480,000 after acquiring an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the topic of several recent analyst reports. Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Barclays increased their target price on shares of 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. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada increased their price objective on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group boosted their target price 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. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.28.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction 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 sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction dated Wednesday, September 3rd. The stock was 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 $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,183 shares of company stock worth $1,071,501 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Up 1.2%

Shares of NYSE JCI opened at $107.08 on Monday. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. The stock has a market cap of $70.07 billion, a P/E ratio of 31.77, a PEG ratio of 1.90 and a beta of 1.31. 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 fifty day simple moving average is $106.86 and its 200-day simple moving average is $97.57.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates 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. As a group, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

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

Johnson Controls International announced that its Board of Directors has authorized a stock repurchase program on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are 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.