Geneos Wealth Management Inc. Sells 9,914 Shares of Johnson Controls International plc $JCI

Key Points

• Geneos Wealth Management Inc. has decreased its stake in Johnson Controls International plc by 13.0%, selling 9,914 shares and holding 66,105 shares worth approximately $5.3 million.
• Several hedge funds, including Vanguard Group Inc. and Raymond James Financial Inc., have increased their positions in Johnson Controls, indicating strong institutional interest.
• Johnson Controls recently announced a quarterly dividend increase to $0.40 per share, resulting in an annualized yield of 1.5%, and reaffirmed its FY 2025 EPS guidance between 3.650-3.680.

Geneos Wealth Management Inc. reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,105 shares of the company's stock after selling 9,914 shares during the period. Geneos Wealth Management Inc.'s holdings in Johnson Controls International were worth $5,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock valued at $5,483,104,000 after acquiring an additional 288,576 shares during the last quarter. Raymond James Financial Inc. grew its position in Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after acquiring an additional 178,169 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Johnson Controls International by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company's stock valued at $509,024,000 after acquiring an additional 185,476 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Johnson Controls International by 14.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,168,593 shares of the company's stock valued at $486,887,000 after acquiring an additional 777,031 shares during the last quarter. Finally, Amundi boosted its stake in shares of Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company's stock valued at $366,412,000 after purchasing an additional 860,899 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded down $0.27 during trading hours on Friday, reaching $107.55. 2,826,261 shares of the stock traded hands, compared to its average volume of 4,314,553. The company has a 50 day moving average price of $106.70 and a 200 day moving average price of $95.59. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. 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 (NYSE:JCI - Get Free Report) last released 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 business had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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. On average, equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

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

Johnson Controls International Increases Dividend

The business 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's payout ratio is presently 43.92%.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the business'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 approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction that occurred on 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 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 ninety days, insiders have sold 10,183 shares of company stock worth $1,071,501. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JCI. Royal Bank Of Canada increased their price objective on Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Jefferies Financial Group reissued a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Citigroup increased their price objective on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Zacks Research raised Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. 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. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $105.72.

Johnson Controls International Company 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.