HB Wealth Management LLC Sells 1,313 Shares of Johnson Controls International plc $JCI

HB Wealth Management LLC reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 32,816 shares of the company’s stock after selling 1,313 shares during the quarter. HB Wealth Management LLC’s holdings in Johnson Controls International were worth $3,466,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC grew its stake in shares of Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC bought a new stake in shares of Johnson Controls International in the first quarter worth about $26,000. Cornerstone Planning Group LLC grew its stake in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management grew its stake in shares of Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Community Bank N.A. bought a new stake in shares of Johnson Controls International in the first quarter worth about $32,000. 90.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president owned 25,005 shares in the company, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction 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 transaction, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock valued at $922,447 in the last quarter. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

JCI has been the topic of several recent analyst reports. Zacks Research raised Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Citigroup raised their target price on Johnson Controls International from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Robert W. Baird raised their price objective on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Royal Bank Of Canada raised 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 report on Wednesday, July 30th. Finally, Oppenheimer lowered shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $108.28.

Johnson Controls International Price Performance

JCI stock opened at $108.92 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a 50 day moving average price of $106.87 and a 200-day moving average price of $97.93. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $112.63. The firm has a market capitalization of $71.28 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 1.96 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last posted its quarterly 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. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The company 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. Equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its Board of Directors has authorized a share repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.40 per share. 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 dividend on an annualized basis and a yield of 1.5%. Johnson Controls International’s dividend payout ratio (DPR) is presently 47.48%.

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.