Chevy Chase Trust Holdings LLC Purchases 1,365 Shares of Johnson Controls International plc $JCI

Chevy Chase Trust Holdings LLC raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.4% in the second quarter, Holdings Channel reports. The institutional investor owned 348,040 shares of the company’s stock after buying an additional 1,365 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Johnson Controls International were worth $36,760,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JCI. Truvestments Capital LLC grew its holdings in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC purchased a new position in Johnson Controls International during the 1st quarter valued at about $26,000. Cornerstone Planning Group LLC grew its holdings in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after buying an additional 155 shares in the last quarter. Activest Wealth Management grew its holdings in Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 133 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in Johnson Controls International during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.4%

Shares of JCI opened at $108.96 on Friday. The firm has a market cap of $71.30 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.64 and a beta of 1.33. The stock has a 50 day simple moving average of $107.31 and a two-hundred day simple moving average of $100.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion during 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. On average, analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid 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 yield of 1.5%. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s payout ratio is currently 47.48%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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. In the last ninety days, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on JCI. Barclays lifted 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. JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Wolfe Research boosted their price objective on Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, Zacks Research raised Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

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.