Apexium Financial LP Sells 429 Shares of Johnson Controls International plc $JCI

Apexium Financial LP reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 12.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,049 shares of the company’s stock after selling 429 shares during the quarter. Apexium Financial LP’s holdings in Johnson Controls International were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Grove Bank & Trust lifted its holdings in Johnson Controls International by 3.5% during the second quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock worth $329,000 after acquiring an additional 106 shares during the period. TIAA Trust National Association lifted its holdings in Johnson Controls International by 1.0% during the first quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock worth $908,000 after acquiring an additional 115 shares during the period. Strategic Blueprint LLC lifted its holdings in Johnson Controls International by 4.3% during the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock worth $239,000 after acquiring an additional 123 shares during the period. Sowell Financial Services LLC lifted its holdings in Johnson Controls International by 4.6% during the second quarter. Sowell Financial Services LLC now owns 2,820 shares of the company’s stock worth $298,000 after acquiring an additional 123 shares during the period. Finally, HighPoint Advisor Group LLC lifted its holdings in Johnson Controls International by 1.4% during the first quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company’s stock worth $739,000 after acquiring an additional 124 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JCI has been the topic of several research reports. Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Robert W. Baird boosted their target price on Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Zacks Research upgraded Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Royal Bank Of Canada boosted their target price on Johnson Controls International from $112.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group boosted their target price on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $109.00.

Johnson Controls International Stock Performance

NYSE:JCI opened at $108.70 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $112.63. The firm has a market cap of $71.13 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.64 and a beta of 1.33. The business’s fifty day moving average is $106.78 and its 200 day moving average is $98.41.

Johnson Controls International (NYSE:JCI) last released 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 return on equity of 14.71% and a net margin of 9.53%.The company 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. Research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be paid a $0.40 dividend. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Johnson Controls International declared that its Board of Directors has authorized a share repurchase program on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was 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 in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock worth $922,447 over the last 90 days. Corporate 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.