Nordea Investment Management AB Has $13.61 Million Position in Johnson Controls International plc $JCI

Nordea Investment Management AB increased its position in Johnson Controls International plc (NYSE:JCI) by 29.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 129,681 shares of the company’s stock after acquiring an additional 29,470 shares during the quarter. Nordea Investment Management AB’s holdings in Johnson Controls International were worth $13,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC increased 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 valued at $25,000 after buying an additional 255 shares during the period. Accent Capital Management LLC acquired a new stake in Johnson Controls International during the 1st quarter valued at approximately $26,000. Hilltop National Bank acquired a new stake in Johnson Controls International during the 2nd quarter valued at approximately $35,000. Cornerstone Planning Group LLC increased its position 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 purchasing an additional 155 shares during the period. Finally, Activest Wealth Management increased its position 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 purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm’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 transaction, the vice president directly owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were 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 in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. 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. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JCI shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Citigroup increased their target price on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Barclays increased their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $108.96 on Monday. The company has a market cap 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. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. 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 50 day moving average of $107.31 and a 200-day moving average of $100.37.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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 analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 22nd. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. Johnson Controls International’s dividend payout ratio is currently 47.48%.

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.