Janney Montgomery Scott LLC Sells 42,646 Shares of Johnson Controls International plc $JCI

Key Points

• Janney Montgomery Scott LLC sold 42,646 shares of Johnson Controls International, reducing its holdings by 10.5% to 365,416 shares, valued at approximately $38.6 million.
• Johnson Controls International recently increased its quarterly dividend from $0.37 to $0.40 per share, with an upcoming payment scheduled for October 17th, representing a yield of 1.5%.
• Multiple analysts have raised their price targets for Johnson Controls International, with Morgan Stanley setting a target of $125.00, reflecting strong growth expectations for the company's future performance.

Janney Montgomery Scott LLC trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,416 shares of the company's stock after selling 42,646 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Johnson Controls International worth $38,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Nuveen LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter valued at about $219,110,000. AQR Capital Management LLC boosted its holdings in Johnson Controls International by 747.6% during the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company's stock valued at $159,186,000 after purchasing an additional 1,794,089 shares in the last quarter. Alkeon Capital Management LLC bought a new stake in shares of Johnson Controls International in the 1st quarter valued at approximately $112,154,000. Voya Investment Management LLC raised its holdings in shares of Johnson Controls International by 637.1% in the 1st quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company's stock worth $125,578,000 after buying an additional 1,354,912 shares in the last quarter. Finally, Amundi boosted its stake in Johnson Controls International by 22.2% in the 1st quarter. Amundi now owns 4,731,377 shares of the company's stock valued at $366,412,000 after buying an additional 860,899 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Up 1.7%

NYSE JCI opened at $109.97 on Wednesday. The stock has a market capitalization of $71.96 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week 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 stock has a fifty day moving average of $106.89 and a 200-day moving average of $97.86.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its 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. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate 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, equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently declared 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 is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. 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. Johnson Controls International's payout ratio is 47.48%.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective 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. Wolfe Research lifted their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Citigroup boosted their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Oppenheimer lowered shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, The Goldman Sachs Group boosted their target price on Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and a consensus price target of $108.28.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's 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. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the 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 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 sold a total of 8,761 shares of company stock valued at $922,447 in the last three months. 0.54% of the stock is owned by company insiders.

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.

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