Fifth Third Wealth Advisors LLC Reduces Stake in Johnson Controls International plc $JCI

Key Points

• Fifth Third Wealth Advisors LLC reduced its stake in Johnson Controls International by 21.0%, owning 10,156 shares valued at $1.07 million after selling 2,695 shares in the second quarter.
• Johnson Controls recently declared a quarterly dividend of $0.40, an increase from the previous dividend of $0.37, reflecting a yield of 1.5%.
• The company reported $1.05 EPS for its last quarter, exceeding analysts' expectations and setting FY 2025 guidance at 3.650-3.680 EPS.

Fifth Third Wealth Advisors LLC reduced its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 21.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,156 shares of the company's stock after selling 2,695 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Johnson Controls International were worth $1,073,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Truvestments Capital LLC lifted its stake in shares of 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 during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter valued at $26,000. Cornerstone Planning Group LLC lifted its stake in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management lifted its stake 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 valued at $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Johnson Controls International in the 1st quarter valued at $32,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

JCI opened at $105.62 on Friday. The stock's 50-day moving average price is $106.96 and its 200 day moving average price is $99.26. 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 firm has a market cap of $69.12 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.58 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) 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 return on equity of 14.71% and a net margin of 9.53%. 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, sell-side analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio is 47.48%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JCI. The Goldman Sachs Group upped their price target on Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Morgan Stanley upped their price target on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Citigroup upped their price target on Johnson Controls International from $112.00 to $119.00 and gave the company a "neutral" rating in a research note on Thursday. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Johnson Controls International from $124.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $109.39.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the 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 sale, the vice president owned 139,459 shares of the company's stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. 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 stock in a transaction dated 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 sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock worth $922,447 in the last ninety days. 0.54% of the stock is owned by corporate insiders.

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.