Johnson Controls International plc $JCI Shares Purchased by Avior Wealth Management LLC

Key Points

• Avior Wealth Management LLC boosted its share holdings in Johnson Controls International by 274.8% during the second quarter, now owning a total of 3,943 shares worth approximately $416,000.
• Johnson Controls International's recent quarterly earnings report showed an EPS of $1.05, exceeding analysts' expectations, with revenue of $6.05 billion for the quarter.
• The company has announced a quarterly dividend increase to $0.40 per share, which signifies a positive trend as it previously stood at $0.37, and is indicative of its solid financial health.

Avior Wealth Management LLC increased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 274.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,943 shares of the company's stock after purchasing an additional 2,891 shares during the quarter. Avior Wealth Management LLC's holdings in Johnson Controls International were worth $416,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC raised its holdings 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 worth $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the first quarter worth $26,000. Cornerstone Planning Group LLC raised its holdings in shares of Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares during the last quarter. Activest Wealth Management raised 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 worth $30,000 after acquiring an additional 133 shares during the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Johnson Controls International in the first quarter worth $32,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $149,395.32. Following the completion of the transaction, 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 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 company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company's stock, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock valued at $922,447 in the last 90 days. Insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 1.7%

NYSE:JCI opened at $109.97 on Wednesday. The company has a market cap of $71.96 billion, a PE ratio of 32.63, a P/E/G 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 quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $106.89 and its two-hundred day moving average is $97.86.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data 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 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 analyst estimates 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, analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has approved a stock repurchase plan on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

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 an increase from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 22nd. Johnson Controls International's payout ratio is currently 47.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 price target on shares of Johnson Controls International in a report on Thursday, July 24th. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Citigroup lifted their price objective on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, Zacks Research raised Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $108.28.

Johnson Controls International 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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