Ritholtz Wealth Management Acquires 1,148 Shares of Johnson Controls International plc $JCI

Ritholtz Wealth Management grew its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 22.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,358 shares of the company’s stock after buying an additional 1,148 shares during the quarter. Ritholtz Wealth Management’s holdings in Johnson Controls International were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Private Wealth Asset Management LLC increased its stake in shares of Johnson Controls International by 34.7% during the 2nd quarter. Private Wealth Asset Management LLC now owns 528 shares of the company’s stock worth $56,000 after purchasing an additional 136 shares during the last quarter. Bayforest Capital Ltd increased its stake in shares of Johnson Controls International by 424.1% during the 2nd quarter. Bayforest Capital Ltd now owns 3,606 shares of the company’s stock worth $381,000 after purchasing an additional 2,918 shares during the last quarter. Sagespring Wealth Partners LLC increased its stake in shares of Johnson Controls International by 7.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 20,402 shares of the company’s stock worth $2,155,000 after purchasing an additional 1,459 shares during the last quarter. Founders Grove Wealth Partners LLC acquired a new position in shares of Johnson Controls International during the 2nd quarter worth about $228,000. Finally, NorthRock Partners LLC increased its stake in shares of Johnson Controls International by 28.6% during the 2nd quarter. NorthRock Partners LLC now owns 11,682 shares of the company’s stock worth $1,234,000 after purchasing an additional 2,600 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $108.96 on Friday. The company’s 50 day moving average price is $107.31 and its two-hundred day moving average price is $100.21. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. The firm has a market cap of $71.30 billion, a PE ratio of 32.33, a PEG ratio of 1.63 and a beta of 1.33. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates 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 predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, September 22nd. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is currently 47.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Jefferies Financial Group restated a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Citigroup upped their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wolfe Research upped their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred 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 sale, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,761 shares of company stock worth $922,447. Company insiders own 0.54% of the company’s stock.

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.