Kestra Investment Management LLC Sells 5,118 Shares of Johnson Controls International plc $JCI

Key Points

• Kestra Investment Management LLC significantly reduced its stake in Johnson Controls International plc by 79.5%, owning only 1,321 shares worth $106,000 by the end of the most recent quarter.
• Various institutional investors, including Truvestments Capital LLC and Cornerstone Planning Group LLC, have made notable increases in their positions in Johnson Controls during the same period.
• Research analysts generally have a mixed consensus on Johnson Controls, with a majority rating the stock as a "Hold" or "Buy," targeting a price around $105.72.

Kestra Investment Management LLC decreased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 79.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,321 shares of the company's stock after selling 5,118 shares during the quarter. Kestra Investment Management LLC's holdings in Johnson Controls International were worth $106,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC lifted its holdings in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new position in Johnson Controls International during the 1st quarter worth $26,000. Cornerstone Planning Group LLC lifted its holdings in 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 buying an additional 155 shares in the last quarter. Activest Wealth Management lifted its holdings in 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 buying an additional 133 shares in the last quarter. Finally, Community Bank N.A. acquired a new position in Johnson Controls International during the 1st quarter worth $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares of the company's stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, 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 a total of 10,183 shares of company stock worth $1,071,501 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on JCI shares. 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. The Goldman Sachs Group increased their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. UBS Group reissued a "buy" rating and issued a $116.00 price target (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Wells Fargo & Company increased their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $105.72.

Johnson Controls International Trading Down 0.3%

Johnson Controls International stock traded down $0.27 during mid-day trading on Friday, hitting $107.55. 2,826,261 shares of the company's stock were exchanged, compared to its average volume of 4,314,553. The firm has a market capitalization of $70.38 billion, a P/E ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two 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 company's 50 day simple moving average is $106.70 and its 200-day simple moving average is $95.51.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. 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 announced that its board has initiated a stock buyback plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.5%. 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. Johnson Controls International's dividend payout ratio (DPR) is 43.92%.

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.