Johnson Controls International plc $JCI Shares Sold by Alpha Omega Wealth Management LLC

Key Points

• Alpha Omega Wealth Management LLC reduced its stake in Johnson Controls International by 6.0%, holding 53,914 shares valued at approximately $5.69 million.
• Institutional investors own 90.05% of Johnson Controls International's stock, indicating strong institutional interest in the company.
• Johnson Controls announced a quarterly dividend increase from $0.37 to $0.40 per share, with a dividend yield of 1.5% and a payout ratio of 43.92%.

Alpha Omega Wealth Management LLC trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,914 shares of the company's stock after selling 3,466 shares during the period. Johnson Controls International makes up about 1.0% of Alpha Omega Wealth Management LLC's portfolio, making the stock its 25th biggest position. Alpha Omega Wealth Management LLC's holdings in Johnson Controls International were worth $5,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JCI. Nuveen LLC acquired a new stake in Johnson Controls International during the 1st quarter valued at approximately $219,110,000. AQR Capital Management LLC lifted its stake in shares of Johnson Controls International by 747.6% in the 1st 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 during the period. Alkeon Capital Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter valued at $112,154,000. Voya Investment Management LLC lifted its stake 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 valued at $125,578,000 after purchasing an additional 1,354,912 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Johnson Controls International by 10,137.2% in the 1st quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock valued at $94,467,000 after purchasing an additional 1,167,700 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Trading Up 0.5%

NYSE JCI opened at $109.25 on Tuesday. The firm's 50-day moving average is $106.94 and its two-hundred day moving average is $96.76. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. 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 capitalization of $71.49 billion, a P/E ratio of 32.42, a PEG ratio of 1.93 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 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 analysts' expectations 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. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its board has authorized a share buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm 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 boost 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 of this dividend is Monday, September 22nd. Johnson Controls International's dividend payout ratio is currently 43.92%.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on 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 directly 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 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 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 sale, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock worth $1,071,501 in the last three months. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

JCI has been the subject of several analyst reports. Citigroup boosted their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Wolfe Research boosted their price target 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. Royal Bank Of Canada boosted their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Morgan Stanley boosted their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Zacks Research raised shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $107.58.

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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