Focus Partners Wealth Has $2.33 Million Holdings in Johnson Controls International plc $JCI

Key Points

• Focus Partners Wealth increased its stake in Johnson Controls International plc by 15.4%, acquiring an additional 3,881 shares in the first quarter, bringing its total holdings to 29,052 shares valued at approximately $2.33 million.
• Multiple analysts have raised their price targets for Johnson Controls International, with Goldman Sachs increasing its target from $103 to $116, and the consensus target currently is $105.72 with a general rating of "Hold."
• Johnson Controls International announced a quarterly dividend increase to $0.40 per share, representing an annualized yield of 1.5%, and disclosed a $9 billion share repurchase program indicating confidence in the company's stock value.

Focus Partners Wealth raised its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 15.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,052 shares of the company's stock after acquiring an additional 3,881 shares during the period. Focus Partners Wealth's holdings in Johnson Controls International were worth $2,328,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JCI. Truvestments Capital LLC lifted its position in shares of Johnson Controls International by 425.0% during the first 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 acquired a new position in shares of Johnson Controls International in the first quarter valued at about $26,000. Cornerstone Planning Group LLC grew its position in 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 purchasing an additional 155 shares during the period. Activest Wealth Management boosted its stake in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 133 shares in the last quarter. Finally, Community Bank N.A. purchased a new stake in shares of Johnson Controls International in the first quarter valued at approximately $32,000. Institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

JCI has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Wells Fargo & Company raised their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Barclays upped 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 report on Wednesday, July 30th. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a report on Monday, September 15th. Finally, Citigroup increased their target price on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and an average price target of $107.58.

Johnson Controls International Price Performance

JCI stock traded up $0.20 on Friday, reaching $108.68. The company had a trading volume of 7,370,327 shares, compared to its average volume of 3,917,011. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63. The company has a market cap of $71.12 billion, a P/E ratio of 32.25, a PEG ratio of 1.93 and a beta of 1.31. The company's fifty day moving average is $106.88 and its 200 day moving average is $96.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations 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, research analysts forecast 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 issued a $0.40 dividend. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio (DPR) is currently 43.92%.

Johnson Controls International announced that its Board of Directors has authorized a stock repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on 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. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction that occurred on 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 owned 25,005 shares of the company's stock, valued at $2,643,778.65. This trade represents 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 valued at $1,071,501 over the last 90 days. Insiders own 0.54% of the company's stock.

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.