AlTi Global Inc. Takes Position in Johnson Controls International plc $JCI

AlTi Global Inc. bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,213 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bleakley Financial Group LLC boosted its position in shares of Johnson Controls International by 3.2% during the 2nd quarter. Bleakley Financial Group LLC now owns 15,939 shares of the company’s stock valued at $1,683,000 after acquiring an additional 499 shares during the last quarter. Ethic Inc. boosted its position in shares of Johnson Controls International by 3.5% during the 2nd quarter. Ethic Inc. now owns 112,959 shares of the company’s stock valued at $11,869,000 after acquiring an additional 3,793 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Johnson Controls International by 7.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,918 shares of the company’s stock valued at $519,000 after acquiring an additional 351 shares during the last quarter. Parcion Private Wealth LLC boosted its position in shares of Johnson Controls International by 8.2% during the 2nd quarter. Parcion Private Wealth LLC now owns 3,176 shares of the company’s stock valued at $335,000 after acquiring an additional 241 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of Johnson Controls International during the 2nd quarter valued at approximately $657,000. 90.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction 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 transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,761 shares of company stock worth $922,447 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

JCI stock opened at $113.04 on Friday. 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 business’s fifty day simple moving average is $107.85 and its two-hundred day simple moving average is $101.54. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $113.38. The firm has a market cap of $73.97 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.69 and a beta of 1.33.

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

Johnson Controls International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent research reports. Morgan Stanley increased their price target on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Zacks Research upgraded Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Barclays increased their price target 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. Citigroup increased their price target on Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada increased their price target on Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $113.41.

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.