Lineweaver Wealth Advisors LLC Sells 3,143 Shares of Johnson Controls International plc $JCI

Key Points

• Lineweaver Wealth Advisors LLC reduced its stake in Johnson Controls International plc by 12.3%, resulting in holdings valued at $2.37 million.
• Several hedge funds significantly increased their positions in Johnson Controls International, with Nuveen LLC investing approximately $219 million in the first quarter.
• Johnson Controls International announced a quarterly dividend increase from $0.37 to $0.40 per share and initiated a $9 billion stock repurchase program, indicating confidence in its stock value.

Lineweaver Wealth Advisors LLC lowered its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 12.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,474 shares of the company's stock after selling 3,143 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in Johnson Controls International were worth $2,374,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Johnson Controls International during the 4th quarter valued at $222,000. Bank Pictet & Cie Europe AG lifted its stake in Johnson Controls International by 67.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company's stock worth $6,991,000 after purchasing an additional 35,655 shares in the last quarter. Vident Advisory LLC increased its stake in Johnson Controls International by 5.9% in the 4th quarter. Vident Advisory LLC now owns 11,753 shares of the company's stock worth $928,000 after buying an additional 651 shares in the last quarter. XN LP acquired a new position in Johnson Controls International in the 4th quarter worth about $74,326,000. Finally, Worldquant Millennium Advisors LLC increased its stake in Johnson Controls International by 51.8% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 490,376 shares of the company's stock valued at $38,705,000 after purchasing an additional 167,412 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the 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 directly owned 139,459 shares in the company, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock worth $1,071,501 over the last ninety days. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Barclays upped their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Wells Fargo & Company upped 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, Jefferies Financial Group reaffirmed a "hold" rating and issued a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $107.58.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $0.20 during mid-day trading on Friday, reaching $108.68. The company had a trading volume of 7,370,327 shares, compared to its average volume of 3,917,011. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The business's 50-day simple moving average is $106.88 and its 200 day simple moving average is $96.45. The firm has a market cap of $71.12 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.93 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results 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 firm had revenue of $6.05 billion for the quarter, compared to analysts' expectations 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, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International announced that its board has authorized 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 reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Johnson Controls International Increases Dividend

The company 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 positive change from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. Johnson Controls International's payout ratio 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.