Clifford Swan Investment Counsel LLC Sells 5,788 Shares of Johnson Controls International plc $JCI

Clifford Swan Investment Counsel LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,160 shares of the company's stock after selling 5,788 shares during the period. Johnson Controls International makes up 1.1% of Clifford Swan Investment Counsel LLC's investment portfolio, making the stock its 25th biggest holding. Clifford Swan Investment Counsel LLC's holdings in Johnson Controls International were worth $32,231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JCI. Ethic Inc. grew its position in shares of Johnson Controls International by 3.5% in the second quarter. Ethic Inc. now owns 112,959 shares of the company's stock valued at $11,869,000 after purchasing an additional 3,793 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Johnson Controls International by 7.7% in the 2nd quarter. Rehmann Capital Advisory Group now owns 4,918 shares of the company's stock worth $519,000 after purchasing an additional 351 shares during the period. Parcion Private Wealth LLC grew its holdings in Johnson Controls International by 8.2% during the 2nd quarter. Parcion Private Wealth LLC now owns 3,176 shares of the company's stock valued at $335,000 after buying an additional 241 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Johnson Controls International in the second quarter worth about $657,000. Finally, Schulhoff & Co. Inc. bought a new position in shares of Johnson Controls International in the second quarter valued at approximately $284,000. Institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JCI. Wolfe Research boosted their price target 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. Royal Bank Of Canada boosted their price objective on shares of Johnson Controls International from $114.00 to $116.00 and gave the stock a "sector perform" rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Citigroup boosted their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a "neutral" rating in a research note on Thursday, October 9th. Finally, Robert W. Baird upped their price target on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $113.41.

Insiders Place Their Bets

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction dated 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 approximately $2,643,778.65. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm's 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 sale, the vice president directly owned 139,459 shares in the company, 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. Over the last ninety days, insiders have sold 8,761 shares of company stock worth $922,447. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 2.4%

NYSE JCI opened at $108.52 on Thursday. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average price is $107.55 and its 200-day moving average price is $100.77. The stock has a market cap of $71.01 billion, a P/E ratio of 32.20, a P/E/G ratio of 1.67 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced 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 for 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, equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, September 22nd. Johnson Controls International's dividend payout ratio (DPR) is presently 47.48%.

About Johnson Controls International

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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