Allspring Global Investments Holdings LLC Has $151.31 Million Holdings in Johnson Controls International plc $JCI

Allspring Global Investments Holdings LLC raised its position in Johnson Controls International plc (NYSE:JCI) by 103.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,445,588 shares of the company’s stock after acquiring an additional 736,157 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.22% of Johnson Controls International worth $151,310,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in JCI. Truvestments Capital LLC grew its stake in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC acquired a new stake in Johnson Controls International in the first quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its stake in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after acquiring an additional 155 shares during the period. Activest Wealth Management grew its stake in Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after acquiring an additional 133 shares during the period. Finally, Community Bank N.A. acquired a new stake in Johnson Controls International in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a report on Monday, September 15th. Barclays raised their target price on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Morgan Stanley raised their target price on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.39.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $105.62 on Monday. The business’s fifty day simple moving average is $106.96 and its 200 day simple moving average is $99.38. The firm has a market capitalization of $69.12 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 1.59 and a beta of 1.33. 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.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The business 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, analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. Johnson Controls International’s dividend payout ratio is 47.48%.

Insiders Place Their Bets

In other Johnson Controls International 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 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. The trade was 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 business’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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock worth $922,447 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

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.