DekaBank Deutsche Girozentrale Has $43.42 Million Position in Johnson Controls International plc $JCI

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Johnson Controls International by 0.9%, owning 407,825 shares worth approximately $43.42 million as of the end of the last reporting period.
• Multiple hedge funds have recently adjusted their positions, with significant increases in holdings by firms like Wealth Enhancement Advisory Services and GAMMA Investing LLC.
• Analysts have set new price targets for JCI, with Citigroup raising its target from $112 to $119 and a consensus target price of $113.41, indicating a generally positive outlook for the stock.

DekaBank Deutsche Girozentrale lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 407,825 shares of the company's stock after selling 3,772 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of Johnson Controls International worth $43,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Johnson Controls International during the 4th quarter worth about $222,000. GAMMA Investing LLC increased its position in Johnson Controls International by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company's stock valued at $1,179,000 after acquiring an additional 3,201 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Johnson Controls International by 66.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 94,756 shares of the company's stock worth $7,591,000 after acquiring an additional 37,984 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Johnson Controls International by 10.6% during the first quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company's stock worth $138,000 after purchasing an additional 165 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Johnson Controls International by 2.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,617 shares of the company's stock worth $6,939,000 after purchasing an additional 2,456 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JCI has been the subject of a number of research reports. Citigroup raised their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a "neutral" rating in a report on Thursday, October 9th. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Barclays boosted their target price 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. Royal Bank Of Canada upped their price target on Johnson Controls International from $114.00 to $116.00 and gave the company a "sector perform" rating in a research note on Thursday, October 16th. Finally, Morgan Stanley raised their price target on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and a consensus target price of $113.41.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Stock Up 0.6%

Shares of Johnson Controls International stock opened at $111.26 on Wednesday. The business has a fifty day simple moving average of $107.50 and a 200 day simple moving average of $100.72. The stock has a market cap of $72.81 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. 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 12 month low of $68.03 and a 12 month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The firm 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. Research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.4%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date was Monday, September 22nd. Johnson Controls International's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.