Asset Management One Co. Ltd. Buys 26,333 Shares of Johnson Controls International plc $JCI

Asset Management One Co. Ltd. increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 9.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 297,679 shares of the company’s stock after purchasing an additional 26,333 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Johnson Controls International were worth $31,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC raised its stake in shares of Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock worth $9,057,000 after buying an additional 46,459 shares during the last quarter. G&S Capital LLC raised its stake in shares of Johnson Controls International by 81.4% during the first quarter. G&S Capital LLC now owns 30,342 shares of the company’s stock worth $2,431,000 after buying an additional 13,612 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Johnson Controls International by 27.8% during the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock worth $1,179,000 after buying an additional 3,201 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Johnson Controls International by 2,213.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company’s stock worth $57,748,000 after buying an additional 678,766 shares during the last quarter. Finally, Yeomans Consulting Group Inc. bought a new stake in shares of Johnson Controls International during the second quarter worth approximately $304,000. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on JCI. JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley boosted their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Barclays boosted their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group upped 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 note on Monday, September 15th. Finally, Wolfe Research upped their target price 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 analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and an average price target of $113.41.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company’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 transaction, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. This 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 available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction that occurred 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 owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,761 shares of company stock valued at $922,447 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Up 2.2%

Shares of NYSE:JCI opened at $113.04 on Friday. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $113.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The company has a market capitalization of $73.97 billion, a PE ratio of 33.54, a PEG ratio of 1.66 and a beta of 1.33. The company has a 50 day moving average price of $107.85 and a two-hundred day moving average price of $101.33.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations 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. 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 declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, September 22nd. 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.