Lyell Wealth Management LP boosted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 196.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,962 shares of the company's stock after acquiring an additional 6,599 shares during the period. Lyell Wealth Management LP's holdings in Johnson Controls International were worth $1,052,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 288,576 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Johnson Controls International by 2.5% in the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after acquiring an additional 178,169 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Johnson Controls International by 3.0% in 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 valued at $509,024,000 after acquiring an additional 185,476 shares during the last quarter. Amundi boosted its holdings in Johnson Controls International by 22.2% in the first quarter. Amundi now owns 4,731,377 shares of the company's stock valued at $366,412,000 after acquiring an additional 860,899 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Johnson Controls International by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company's stock valued at $254,631,000 after acquiring an additional 198,817 shares during the last quarter. Institutional investors own 90.05% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on JCI. Weiss Ratings restated a "buy (b)" rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Citigroup raised their target price on Johnson Controls International from $112.00 to $119.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. Zacks Research upgraded Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Robert W. Baird raised their target price on Johnson Controls International from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group raised their target price on Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of "Moderate Buy" and an average target price of $113.41.
Check Out Our Latest Stock Report on JCI
Johnson Controls International Trading Down 0.4%
NYSE:JCI opened at $108.96 on Monday. 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 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 $71.30 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The business's 50-day simple moving average is $107.31 and its 200-day simple moving average is $100.37.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share 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 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. Sell-side analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.
Johnson Controls International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, September 22nd. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio (DPR) is presently 47.48%.
Insider Activity 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 that occurred on 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 in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction that occurred on 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 owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock worth $922,447 in the last 90 days. Company insiders own 0.54% of the company's stock.
Johnson Controls International Company Profile
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Free Report)
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.
See Also
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