Sax Wealth Advisors LLC Acquires 765 Shares of Johnson Controls International plc $JCI

Sax Wealth Advisors LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,512 shares of the company’s stock after acquiring an additional 765 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Johnson Controls International were worth $1,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Grove Bank & Trust boosted its stake in Johnson Controls International by 3.5% in the second quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock valued at $329,000 after acquiring an additional 106 shares during the last quarter. Keudell Morrison Wealth Management boosted its position in shares of Johnson Controls International by 4.1% during the second quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock worth $285,000 after purchasing an additional 107 shares in the last quarter. TIAA Trust National Association boosted its position in shares of 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 purchasing an additional 115 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of 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 purchasing an additional 123 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its position in shares of 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 purchasing an additional 123 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JCI. Citigroup lifted their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Barclays lifted 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 report on Wednesday, July 30th. Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Saturday, September 27th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.00.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction dated 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 in the company, valued at $14,651,562.54. This represents a 1.01% 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 quarter. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Down 1.2%

Shares of JCI stock opened at $108.26 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63. The firm’s fifty day moving average price is $106.84 and its two-hundred day moving average price is $98.77. The firm has a market capitalization of $70.85 billion, a P/E ratio of 32.13, a PEG ratio of 1.64 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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. On average, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently declared 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. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is presently 47.48%.

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

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.