Aprio Wealth Management LLC bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,841 shares of the company's stock, valued at approximately $388,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC lifted its position in Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company's stock valued at $9,057,000 after buying an additional 46,459 shares in the last quarter. G&S Capital LLC lifted its position in Johnson Controls International by 81.4% during the first quarter. G&S Capital LLC now owns 30,342 shares of the company's stock valued at $2,431,000 after buying an additional 13,612 shares in the last quarter. GAMMA Investing LLC lifted its position in Johnson Controls International by 27.8% during the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after buying an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Johnson Controls International by 2,213.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company's stock valued at $57,748,000 after buying an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company's stock valued at $480,000 after buying an additional 1,096 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. UBS Group reissued a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Finally, Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Johnson Controls International has an average rating of "Hold" and an average price target of $105.72.
Read Our Latest Research Report on JCI
Johnson Controls International Stock Down 1.0%
Shares of NYSE:JCI traded down $1.03 during midday trading on Friday, reaching $106.06. The company had a trading volume of 4,278,864 shares, compared to its average volume of 4,970,083. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock's fifty day moving average price is $106.53 and its 200-day moving average price is $94.82. The stock has a market capitalization of $69.40 billion, a P/E ratio of 31.47, a PEG ratio of 1.89 and a beta of 1.31. Johnson Controls International plc has a one year low of $67.68 and a one year high of $112.63.
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 analysts' consensus estimates 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 business 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. Equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Johnson Controls International's dividend payout ratio is 43.92%.
Johnson Controls International announced that its Board of Directors has authorized a share buyback program on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are undervalued.
Insiders Place Their Bets
In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock worth $1,071,501 over the last three months. 0.54% of the stock is owned by corporate insiders.
About Johnson Controls International
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Free Report)
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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