Johnson Controls International plc $JCI Shares Sold by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Johnson Controls International by 13.3%, leaving the firm with 63,789 shares valued at $6,737,000.
• Institutional investors collectively hold 90.05% of the company's stock, with various firms like Vanguard Group and Goldman Sachs increasing their holdings during the first quarter.
• Johnson Controls International recently increased its quarterly dividend from $0.37 to $0.40, representing an annualized dividend yield of 1.5%.

Envestnet Portfolio Solutions Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,789 shares of the company's stock after selling 9,826 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Johnson Controls International were worth $6,737,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock valued at $5,483,104,000 after purchasing an additional 288,576 shares during the period. Raymond James Financial Inc. grew its holdings in Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock worth $591,078,000 after acquiring an additional 178,169 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Johnson Controls International by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company's stock worth $509,024,000 after acquiring an additional 185,476 shares during the period. Amundi grew its holdings in Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company's stock worth $366,412,000 after acquiring an additional 860,899 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Johnson Controls International by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company's stock worth $254,631,000 after acquiring an additional 198,817 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on JCI shares. Wolfe Research upped their price objective on Johnson Controls International from $132.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Royal Bank Of Canada boosted their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Finally, Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $109.39.

Insider Buying and Selling at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's 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 transaction, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company's 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 transaction, the vice president 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 8,761 shares of company stock worth $922,447 over the last 90 days. Company insiders own 0.54% of the company's stock.

Johnson Controls International Stock Up 1.4%

JCI opened at $107.82 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. The business's fifty day moving average is $107.02 and its two-hundred day moving average is $99.62. The company has a market cap of $70.55 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 1.60 and a beta of 1.33.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate 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. Analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be given a $0.40 dividend. 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 dividend payout ratio (DPR) is currently 47.48%.

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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