Crux Wealth Advisors lowered its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 57.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,527 shares of the company’s stock after selling 3,410 shares during the period. Crux Wealth Advisors’ holdings in Johnson Controls International were worth $267,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock valued at $5,483,104,000 after purchasing an additional 288,576 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Johnson Controls International by 2.5% in the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock valued at $591,078,000 after purchasing an additional 178,169 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Johnson Controls International by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company’s stock worth $509,024,000 after acquiring an additional 185,476 shares during the period. Amundi grew its holdings in Johnson Controls International by 22.2% during the 1st quarter. Amundi now owns 4,731,377 shares of the company’s stock worth $366,412,000 after acquiring an additional 860,899 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Johnson Controls International by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock worth $254,631,000 after acquiring an additional 198,817 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Barclays lifted 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 report on Wednesday, July 30th. Citigroup lifted their target price on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on shares of Johnson Controls International from $114.00 to $116.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Morgan Stanley lifted their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.41.
Johnson Controls International Price Performance
Shares of JCI stock opened at $108.96 on Monday. 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 capitalization of $71.30 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth 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. The firm has a fifty day moving average of $107.31 and a 200-day moving average of $100.37.
Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.05 billion during 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. On average, equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.
Johnson Controls International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend 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%.
Insiders Place Their Bets
In related news, VP Nathan D. Manning sold 1,422 shares of the company’s 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 completion of the transaction, the vice president directly owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s 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 directly owned 25,005 shares of the company’s stock, 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. Over the last ninety days, insiders sold 8,761 shares of company stock valued at $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.
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