Drive Wealth Management LLC Acquires New Holdings in Johnson Controls International plc $JCI

Key Points

• Drive Wealth Management LLC acquired a new stake of 2,348 shares in Johnson Controls International, valued at approximately $249,000, during the second quarter.
• Johnson Controls International recently increased its quarterly dividend from $0.37 to $0.40 per share, reflecting a 1.4% yield and an annualized payout of $1.60.
• In its latest earnings report, Johnson Controls surpassed analysts' expectations with earnings of $1.05 per share on revenue of $6.05 billion, while guiding for FY 2025 EPS between 3.650-3.680.

Drive Wealth Management LLC bought a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,348 shares of the company's stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Truvestments Capital LLC raised its position 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 purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new position in Johnson Controls International during the first quarter worth $26,000. Cornerstone Planning Group LLC raised its holdings in shares of Johnson Controls International by 74.5% in the first 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 last quarter. Activest Wealth Management raised its holdings in shares of 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 acquiring an additional 133 shares during the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of Johnson Controls International in the second quarter valued at $35,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other 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 value 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. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president directly owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,761 shares of company stock worth $922,447. Company insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $110.55 on Tuesday. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a 50 day moving average price of $107.41 and a 200 day moving average price of $100.64. The company has a market cap of $72.34 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.63 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 for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates 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. Sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.40 per share. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, September 22nd. Johnson Controls International's payout ratio is currently 47.48%.

Wall Street Analyst Weigh In

JCI has been the subject of several analyst reports. Barclays boosted their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Wolfe Research boosted their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, October 15th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Finally, Morgan Stanley boosted 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of "Moderate Buy" and an average target price of $113.41.

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.

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.