Butensky & Cohen Financial Security Inc. Sells 7,405 Shares of Johnson Controls International plc $JCI

Key Points

• Butensky & Cohen Financial Security Inc. reduced its stake in Johnson Controls International by 12.5%, resulting in ownership of 51,605 shares valued at approximately $5.45 million.
• Insider selling activity included VP Daniel C. Mcconeghy and VP Nathan D. Manning, who sold a combined total of over 7,300 shares, reflecting a decrease in their holdings by as much as 19.14%.
• Analysts maintain a mixed outlook for JCI, with an average target price of $107.58, as Barclays and RBC raise their target prices for the stock.

Butensky & Cohen Financial Security Inc. lowered its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 12.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,605 shares of the company's stock after selling 7,405 shares during the period. Johnson Controls International makes up approximately 1.6% of Butensky & Cohen Financial Security Inc.'s portfolio, making the stock its 19th biggest holding. Butensky & Cohen Financial Security Inc.'s holdings in Johnson Controls International were worth $5,451,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JCI. Truvestments Capital LLC boosted its stake 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 valued at $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC purchased a new stake in shares of Johnson Controls International in the first quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its stake 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 valued at $28,000 after buying an additional 155 shares in the last quarter. Activest Wealth Management boosted its stake 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 valued at $30,000 after buying an additional 133 shares in the last quarter. Finally, Community Bank N.A. purchased a new stake in Johnson Controls International during the first quarter worth $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Price Performance

NYSE:JCI traded up $0.20 during mid-day trading on Friday, reaching $108.68. The stock had a trading volume of 7,370,327 shares, compared to its average volume of 4,031,907. 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 $71.12 billion, a PE ratio of 32.25, a P/E/G ratio of 1.93 and a beta of 1.31. The stock has a 50-day simple moving average of $106.88 and a two-hundred day simple moving average of $96.55.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion for 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, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The firm also recently announced 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. 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 annualized dividend and a dividend yield of 1.5%. Johnson Controls International's payout ratio is presently 43.92%.

Johnson Controls International announced that its Board of Directors has initiated a stock repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. Wolfe Research upped their target price on Johnson Controls International from $132.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Citigroup raised their target price on Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their price objective on Johnson Controls International from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Finally, Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.58.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business'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 $14,651,562.54. The trade was 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 available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the 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 completion of the sale, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,183 shares of company stock worth $1,071,501. Corporate insiders own 0.54% of the company's stock.

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.