Johnson Controls International plc $JCI Shares Sold by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,707 shares of the company’s stock after selling 331 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Johnson Controls International were worth $708,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JCI. Vanguard Group Inc. grew its holdings in shares of Johnson Controls International by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock worth $5,483,104,000 after acquiring an additional 288,576 shares during the last quarter. Raymond James Financial Inc. increased its stake in Johnson Controls International by 2.5% in the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock valued at $591,078,000 after buying an additional 178,169 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Johnson Controls International by 3.0% during the first 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 in the last quarter. Amundi raised its stake in shares of 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 purchasing an additional 860,899 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Johnson Controls International by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock valued at $254,631,000 after acquiring an additional 198,817 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International 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 sale, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on JCI shares. Robert W. Baird raised their target price on Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Wolfe Research increased their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. JPMorgan Chase & Co. lifted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Saturday. Finally, Royal Bank Of Canada upped 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, October 16th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $113.41.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $113.04 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a market cap of $73.97 billion, a PE ratio of 33.54, a PEG ratio of 1.69 and a beta of 1.33. The company’s 50-day moving average is $107.85 and its two-hundred day moving average is $101.54. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $113.38.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations 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 analysts anticipate 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 is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. 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. Johnson Controls International’s payout ratio is 47.48%.

About Johnson Controls International

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.