Belpointe Asset Management LLC Grows Position in Johnson Controls International plc $JCI

Key Points

• Belpointe Asset Management LLC significantly increased its stake in Johnson Controls International plc by 99.9%, now holding 7,116 shares worth approximately $570,000.
• Insider activity includes sales from Vice Presidents Daniel C. Mcconeghy and Nathan D. Manning, who sold 5,917 and 1,422 shares, respectively, indicating a decrease in their ownership of the stock.
• The company recently announced a quarterly dividend increase, raising it from $0.37 to $0.40, which reflects a positive annualized yield of 1.5%.

Belpointe Asset Management LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 99.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,116 shares of the company's stock after acquiring an additional 3,557 shares during the period. Belpointe Asset Management LLC's holdings in Johnson Controls International were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Truvestments Capital LLC boosted its position in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the first quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its position in shares of 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 purchasing an additional 155 shares in the last quarter. Activest Wealth Management raised its stake in shares of 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 buying an additional 133 shares during the last quarter. Finally, Community Bank N.A. bought a new stake in shares of Johnson Controls International during the first quarter worth approximately $32,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 0.2%

Johnson Controls International stock traded up $0.26 during mid-day trading on Monday, reaching $107.79. The company's stock had a trading volume of 4,277,722 shares, compared to its average volume of 4,137,854. The company has a market capitalization of $70.54 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The business's 50 day simple moving average is $106.74 and its 200 day simple moving average is $95.82. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its 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. The company had revenue of $6.05 billion during the quarter, compared to analysts' expectations 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. As a group, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 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 43.92%.

Johnson Controls International announced that its Board of Directors has initiated a share repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JCI shares. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Morgan Stanley increased their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. 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, the stock has an average rating of "Hold" and an average price target of $105.72.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the company's 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 sale, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their position. 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 business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,183 shares of company stock worth $1,071,501. 0.54% of the stock is owned by company insiders.

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.