Asset Management One Co. Ltd. Buys 26,333 Shares of Johnson Controls International plc $JCI

Key Points

• Asset Management One Co. Ltd. increased its ownership in Johnson Controls International plc by 9.7%, acquiring an additional 26,333 shares in the second quarter, leading to total shares of 297,679 valued at approximately $31.44 million.
• Institutional investors hold a significant stake in the company, with a combined ownership of 90.05% of the stock, reflecting growing confidence in its market potential.
• Johnson Controls recently announced a dividend increase to $0.40 per share, up from $0.37, with a current annualized dividend yield of 1.4% and a payout ratio of 47.48%.

Asset Management One Co. Ltd. raised its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 297,679 shares of the company's stock after purchasing an additional 26,333 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Johnson Controls International were worth $31,441,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Johnson Controls International by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock worth $5,483,104,000 after purchasing an additional 288,576 shares during the period. Raymond James Financial Inc. boosted its position in shares of Johnson Controls International by 2.5% during the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after acquiring an additional 178,169 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Johnson Controls International by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company's stock valued at $509,024,000 after acquiring an additional 185,476 shares in the last quarter. Amundi boosted its position in shares of Johnson Controls International by 22.2% during the 1st quarter. Amundi now owns 4,731,377 shares of the company's stock valued at $366,412,000 after acquiring an additional 860,899 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Johnson Controls International by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company's stock valued at $254,631,000 after acquiring an additional 198,817 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company's stock, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 8,761 shares of company stock valued at $922,447. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

JCI has been the topic of several recent research reports. Wolfe Research lifted their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Morgan Stanley lifted their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Citigroup lifted their target price on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Barclays lifted their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a research report on Thursday, July 24th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.41.

Johnson Controls International Price Performance

NYSE:JCI opened at $113.04 on Friday. The firm has a market cap of $73.97 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $113.38. 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 company's 50-day moving average price is $107.85 and its two-hundred day moving average price is $101.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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 anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a $0.40 dividend. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International's payout ratio is presently 47.48%.

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.

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