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

Key Points

• Belpointe Asset Management LLC has reduced its holdings in Johnson Controls International plc by 50.2%, leaving the firm with 3,543 shares valued at $374,000.
• Analysts have recently upgraded the stock's price targets, with Goldman Sachs raising its target from $119.00 to $124.00, reflecting positive sentiment towards the company's performance.
• Johnson Controls has announced a quarterly dividend increase to $0.40 per share, with a 1.5% yield, along with a $9 billion stock repurchase plan, demonstrating confidence in its financial health.

Belpointe Asset Management LLC reduced its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 50.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,543 shares of the company's stock after selling 3,573 shares during the period. Belpointe Asset Management LLC's holdings in Johnson Controls International were worth $374,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC boosted its holdings in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new stake in shares of Johnson Controls International in the 1st quarter valued at $26,000. Hilltop National Bank purchased a new stake in shares of Johnson Controls International in the 2nd quarter valued at $35,000. Cornerstone Planning Group LLC boosted its holdings in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after acquiring an additional 155 shares during the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock valued at $30,000 after acquiring an additional 133 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a report on Monday, September 15th. Royal Bank Of Canada boosted 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Morgan Stanley boosted 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 note on Thursday, August 21st. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.39.

Johnson Controls International Stock Performance

JCI opened at $105.62 on Friday. 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 has a market cap of $69.12 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.62 and a beta of 1.33. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $112.63. The firm's fifty day simple moving average is $106.96 and its two-hundred day simple moving average is $99.15.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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 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. Equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. Johnson Controls International's payout ratio is 47.48%.

Johnson Controls International announced that its Board of Directors has approved a share buyback plan on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were 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. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,761 shares of company stock valued at $922,447 over the last quarter. Company insiders own 0.54% of the company's stock.

Johnson Controls International 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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