Dakota Wealth Management Purchases 2,702 Shares of Johnson Controls International plc $JCI

Key Points

• Dakota Wealth Management increased its holdings in Johnson Controls International by 17.3%, acquiring an additional 2,702 shares, bringing their total shares to 18,364.
• Johnson Controls International reported earnings of $1.05 per share for the last quarter, exceeding analysts' expectations, and has a current market capitalization of $70.07 billion.
• The company declared an increase in its quarterly dividend from $0.37 to $0.40 per share, reflecting a 1.5% dividend yield based on an annualized payout of $1.60.

Dakota Wealth Management lifted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,364 shares of the company's stock after acquiring an additional 2,702 shares during the period. Dakota Wealth Management's holdings in Johnson Controls International were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in JCI. Truvestments Capital LLC lifted its holdings in shares of Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC bought a new stake in shares of Johnson Controls International during the 1st quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its holdings 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 acquiring an additional 155 shares during the period. Activest Wealth Management grew its holdings in Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the period. Finally, Community Bank N.A. acquired a new stake in Johnson Controls International in the first quarter worth $32,000. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 1.2%

Johnson Controls International stock opened at $107.08 on Friday. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63. The firm has a market capitalization of $70.07 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The firm's fifty day moving average price is $106.86 and its two-hundred day moving average price is $97.30. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

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 for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. 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 research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its board has authorized a share repurchase plan on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Johnson Controls International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 22nd. 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%. Johnson Controls International's payout ratio is 47.48%.

Insider Transactions at Johnson Controls International

In related news, 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 transaction, the vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm'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 directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock worth $1,071,501 over the last three months. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JCI. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. The Goldman Sachs Group raised their price target on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Barclays raised their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley raised their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $108.28.

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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