Johnson Controls International plc $JCI Shares Acquired by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners LLC increased its stake in Johnson Controls International by 9.8% during the second quarter, holding a total of 51,036 shares worth approximately $5.39 million.
• Johnson Controls reported earnings of $1.05 per share in its latest quarterly results, surpassing analysts' expectations of $0.99, and anticipates a FY 2025 guidance of 3.650-3.680 EPS.
• The company announced a quarterly dividend of $0.40 to be paid on October 17, representing an increase from its previous dividend of $0.37, with a dividend yield of 1.5%.

Harrell Investment Partners LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,036 shares of the company's stock after acquiring an additional 4,539 shares during the quarter. Johnson Controls International makes up about 1.4% of Harrell Investment Partners LLC's holdings, making the stock its 24th largest holding. Harrell Investment Partners LLC's holdings in Johnson Controls International were worth $5,390,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JCI. Brighton Jones LLC acquired a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $222,000. Heck Capital Advisors LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $48,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $39,129,000. Centaurus Financial Inc. increased its holdings in shares of Johnson Controls International by 130.6% in the fourth quarter. Centaurus Financial Inc. now owns 8,409 shares of the company's stock valued at $664,000 after purchasing an additional 4,763 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $17,686,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on JCI shares. Royal Bank Of Canada increased their price target on Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Wells Fargo & Company increased their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Barclays increased their price target on Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Citigroup increased their price target on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. 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 note on Monday, September 15th. Ten 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, Johnson Controls International presently has an average rating of "Moderate Buy" and a consensus target price of $107.58.

Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction 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 sale, the vice president directly owned 25,005 shares of the company's stock, 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 can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares of the company's stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,183 shares of company stock valued at $1,071,501 over the last ninety days. Insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

JCI stock opened at $106.50 on Thursday. The business has a fifty day moving average of $106.97 and a two-hundred day moving average of $96.90. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The stock has a market cap of $69.69 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 1.93 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.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating 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 business 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. As a group, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost 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%. Johnson Controls International's payout ratio is presently 47.48%.

Johnson Controls International declared that its board has initiated a share buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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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