Johnson Controls International plc $JCI Shares Acquired by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Johnson Controls International by 3.5% during the second quarter, owning nearly 112,959 shares valued at approximately $11.87 million post-acquisition.
• Analyst upgrades have raised the price targets for Johnson Controls International, with estimates ranging from $116.00 to $133.00 and a consensus rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.40, up from $0.37, reflecting a 1.4% yield and indicating a healthy growth strategy for investor returns.

Ethic Inc. grew its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,959 shares of the company's stock after purchasing an additional 3,793 shares during the period. Ethic Inc.'s holdings in Johnson Controls International were worth $11,869,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Truvestments Capital LLC increased its position in shares of Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new stake in Johnson Controls International in the 1st quarter valued at about $26,000. Cornerstone Planning Group LLC increased its holdings in 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 lifted its holdings in shares of Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company's stock valued at $30,000 after purchasing an additional 133 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JCI. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $114.00 to $116.00 and gave the company a "sector perform" rating in a research note on Thursday, October 16th. Wolfe Research increased their price objective on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Morgan Stanley raised their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Citigroup upped their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a "neutral" rating in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of "Moderate Buy" and a consensus target price of $113.41.

Insider Activity

In other news, 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 transaction 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. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by insiders.

Johnson Controls International Stock Performance

NYSE:JCI opened at $112.05 on Wednesday. The firm has a 50-day moving average of $107.50 and a two-hundred day moving average of $100.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market cap of $73.32 billion, a P/E ratio of 33.25, a PEG ratio of 1.66 and a beta of 1.33. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to analysts' expectations 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, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a $0.40 dividend. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. Johnson Controls International's dividend payout ratio (DPR) is 47.48%.

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.

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