Allegiance Financial Group Advisory Services LLC Takes Position in Johnson Controls International plc $JCI

Key Points

• Allegiance Financial Group Advisory Services LLC has purchased a stake in Johnson Controls International plc, acquiring 2,683 shares valued at approximately $284,000 during the second quarter.
• Johnson Controls International recently reported earnings per share (EPS) of $1.05 for the last quarter, exceeding analysts' expectations of $0.99, and established FY 2025 EPS guidance between 3.650-3.680.
• The company declared an increase in its quarterly dividend to $0.40 per share, representing a yield of 1.5%, with the payout set for October 17th.

Allegiance Financial Group Advisory Services LLC bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,683 shares of the company's stock, valued at approximately $284,000.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC lifted its holdings in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC bought a new stake in Johnson Controls International during the first quarter worth $26,000. Cornerstone Planning Group LLC lifted its holdings in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares during the period. Activest Wealth Management lifted its holdings in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 133 shares during the period. Finally, Community Bank N.A. bought a new stake in Johnson Controls International during the first quarter worth $32,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $108.43 on Thursday. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. The business has a 50-day simple moving average of $106.92 and a 200 day simple moving average of $98.84. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The stock has a market cap of $70.95 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.63 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $6.05 billion during 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, research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The company 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.5%. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's dividend payout ratio is presently 47.48%.

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

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent analyst reports. Wolfe Research lifted their price target on Johnson Controls International from $132.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Barclays raised their target price on 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 Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Johnson Controls International has an average rating of "Moderate Buy" and a consensus price target of $109.00.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International 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 completion of the sale, the vice president owned 139,459 shares of the company's stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International 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 sale, the vice president directly owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This trade represents a 19.14% 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 valued at $922,447. Corporate 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.

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