Advisors Asset Management Inc. Has $1.36 Million Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Advisors Asset Management Inc. reduced its stake in Johnson Controls International plc by 36.9%, holding 17,016 shares worth approximately $1.36 million after selling 9,971 shares in the first quarter.
• Johnson Controls announced a quarterly dividend increase to $0.40 from the previous $0.37, representing a dividend yield of 1.5%.
• Shares of Johnson Controls traded at $108.00, with a market capitalization of $70.67 billion, and analysts project a 3.64 EPS for the current fiscal year.

Advisors Asset Management Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 36.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,016 shares of the company's stock after selling 9,971 shares during the period. Advisors Asset Management Inc.'s holdings in Johnson Controls International were worth $1,363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Truvestments Capital LLC increased its stake in shares of Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after purchasing an additional 255 shares during the period. Accent Capital Management LLC bought a new position in shares of Johnson Controls International in the first quarter worth about $26,000. Cornerstone Planning Group LLC increased its stake in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares during the period. Activest Wealth Management increased its stake in shares of Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the period. Finally, Community Bank N.A. bought a new position in shares of Johnson Controls International in the first quarter worth about $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business'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 transaction, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,183 shares of company stock worth $1,071,501 over the last three months. 0.54% of the stock is owned by company insiders.

Johnson Controls International Price Performance

Shares of JCI stock traded down $0.27 during trading hours on Friday, hitting $107.55. The company had a trading volume of 2,826,261 shares, compared to its average volume of 4,314,553. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31. The firm's fifty day moving average is $106.70 and its 200 day moving average is $95.59. 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 (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. 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, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its board has initiated 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 buy up to 13.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend 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 43.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JCI shares. UBS Group reiterated a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. 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 price target 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. Finally, The Goldman Sachs Group boosted their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $105.72.

Johnson Controls International Company 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.