Johnson Controls International plc $JCI Shares Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in Johnson Controls International by 231.2% in the second quarter, acquiring 140,121 shares worth approximately $14.8 million.
• Johnson Controls International recently increased its quarterly dividend from $0.37 to $0.40, providing a yield of 1.5%, with the payment scheduled for October 17th.
• Equity analysts have mixed sentiments on the stock, with ten analysts rating it as a "Buy" and ten issuing a "Hold", reflecting cautious optimism in a competitive market environment.

Callan Family Office LLC raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 231.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 140,121 shares of the company's stock after buying an additional 97,811 shares during the quarter. Callan Family Office LLC's holdings in Johnson Controls International were worth $14,800,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC increased its stake in Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after buying an additional 255 shares during the period. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the 1st quarter worth $26,000. Hilltop National Bank acquired a new position in shares of Johnson Controls International during the 2nd quarter worth $35,000. Cornerstone Planning Group LLC grew its stake 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 worth $28,000 after purchasing an additional 155 shares during the period. Finally, Activest Wealth Management grew its stake 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 worth $30,000 after purchasing an additional 133 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. 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 note on Thursday. Oppenheimer cut shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Johnson Controls International in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and an average target price of $109.39.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were 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 in the company, valued at approximately $14,651,562.54. This represents 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 company's stock in a transaction dated Wednesday, September 3rd. The shares were 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 owned 25,005 shares in the company, 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 90 days, insiders sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is owned by insiders.

Johnson Controls International Price Performance

NYSE:JCI opened at $107.72 on Friday. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company's 50-day moving average is $106.98 and its two-hundred day moving average is $99.00. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

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. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be 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 is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. Johnson Controls International's payout ratio is currently 47.48%.

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

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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