GC Wealth Management RIA LLC Buys Shares of 3,948 Johnson Controls International plc $JCI

Key Points

• GC Wealth Management RIA LLC purchased 3,948 shares of Johnson Controls International plc (NYSE:JCI) valued at approximately $417,000 during the second quarter.
• Johnson Controls recently announced an increase in its quarterly dividend to $0.40, up from $0.37, which represents an annualized dividend yield of 1.5%.
• The company has authorized a stock buyback program of up to $9 billion, indicating management's belief that the stock is currently undervalued.

GC Wealth Management RIA LLC bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,948 shares of the company's stock, valued at approximately $417,000.

Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC boosted 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 valued at $25,000 after acquiring an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter valued at $26,000. Cornerstone Planning Group LLC boosted 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 valued at $28,000 after acquiring an additional 155 shares in the last quarter. Activest Wealth Management boosted its holdings 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 valued at $30,000 after acquiring an additional 133 shares in the last quarter. Finally, Community Bank N.A. acquired a new stake in shares of Johnson Controls International during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

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 completion of the transaction, the vice president directly owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,761 shares of company stock valued at $922,447. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Stock Down 0.9%

Shares of NYSE:JCI opened at $108.92 on Thursday. The firm has a market cap of $71.28 billion, a P/E ratio of 32.32, a P/E/G ratio of 1.96 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. The business has a fifty day simple moving average of $106.87 and a 200 day simple moving average of $97.93.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping 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 during 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. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International declared that its board has authorized a stock buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Johnson Controls International Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JCI. Robert W. Baird raised their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Citigroup raised their price objective on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Morgan Stanley raised their price objective on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Zacks Research raised Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Finally, The Goldman Sachs Group raised their target price on Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $108.28.

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.

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