Charter Capital Management LLC DE acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,867 shares of the company's stock, valued at approximately $303,000.
Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC increased its stake in 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 purchasing an additional 255 shares in the last quarter. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International in the first quarter valued at $26,000. Cornerstone Planning Group LLC raised its stake in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after buying an additional 155 shares during the last quarter. Activest Wealth Management boosted its position 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 worth $30,000 after buying an additional 133 shares in the last quarter. Finally, Community Bank N.A. acquired a new stake in Johnson Controls International in the 1st quarter valued at about $32,000. 90.05% of the stock is owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
NYSE:JCI opened at $108.21 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The stock has a market cap of $70.81 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.94 and a beta of 1.31. The firm's fifty day simple moving average is $106.98 and its 200 day simple moving average is $96.84.
Johnson Controls International (NYSE:JCI - Get Free Report) last released 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. The company had revenue of $6.05 billion during 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. As a group, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International announced that its Board of Directors has initiated a share repurchase plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.
Johnson Controls International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be paid a $0.40 dividend. This is an increase 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 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's payout ratio is currently 47.48%.
Insider Activity
In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have issued reports on JCI shares. Morgan Stanley upped their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Wolfe Research boosted 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. Wells Fargo & Company increased their price objective on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Barclays lifted their price objective 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. Finally, 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 report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $107.58.
Read Our Latest Analysis on Johnson Controls International
About Johnson Controls International
(
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.
Further Reading
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