Fifth Third Wealth Advisors LLC Reduces Stake in Johnson Controls International plc $JCI

Fifth Third Wealth Advisors LLC lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 21.0% during the second quarter, HoldingsChannel reports. The fund owned 10,156 shares of the company’s stock after selling 2,695 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Johnson Controls International were worth $1,073,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Aberdeen Group plc increased its holdings in shares of Johnson Controls International by 9.4% in the 2nd quarter. Aberdeen Group plc now owns 921,209 shares of the company’s stock valued at $96,930,000 after acquiring an additional 79,275 shares during the last quarter. PDS Planning Inc increased its holdings in shares of Johnson Controls International by 15.5% in the 2nd quarter. PDS Planning Inc now owns 3,093 shares of the company’s stock valued at $327,000 after acquiring an additional 414 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Johnson Controls International in the 2nd quarter valued at about $1,678,000. Stiles Financial Services Inc purchased a new position in shares of Johnson Controls International in the 2nd quarter valued at about $221,000. Finally, IFP Advisors Inc increased its holdings in shares of Johnson Controls International by 23.1% in the 2nd quarter. IFP Advisors Inc now owns 15,597 shares of the company’s stock valued at $1,648,000 after acquiring an additional 2,927 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 2.0%

Johnson Controls International stock opened at $105.62 on Friday. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The stock has a 50 day moving average of $106.96 and a two-hundred day moving average of $99.26. 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 stock has a market capitalization of $69.12 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.58 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data 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 company had revenue of $6.05 billion during 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. As a group, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

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

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday. The Goldman Sachs Group raised their price target on Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Royal Bank Of Canada raised their price target on Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Oppenheimer downgraded Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.39.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’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 value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares of the company’s stock, 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 valued at $922,447 over the last three months. Insiders own 0.54% of the company’s stock.

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.