Meyer Handelman Co. Has $9.11 Million Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Meyer Handelman Co. reduced its holdings in Johnson Controls International by 6.7%, now owning 86,205 shares valued at approximately $9.11 million.
• The company recently declared a quarterly dividend of $0.40 per share, up from the previous $0.37, indicating a commitment to shareholder returns.
• Johnson Controls International's stock has a market cap of $69.14 billion and reported earnings of $1.05 per share, exceeding analysts' expectations.

Meyer Handelman Co. decreased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,205 shares of the company's stock after selling 6,180 shares during the quarter. Meyer Handelman Co.'s holdings in Johnson Controls International were worth $9,105,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust increased its position in shares of Johnson Controls International by 3.5% in the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company's stock valued at $329,000 after buying an additional 106 shares in the last quarter. TIAA Trust National Association grew its stake in Johnson Controls International by 1.0% in the first quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock valued at $908,000 after acquiring an additional 115 shares during the period. Strategic Blueprint LLC increased its holdings in shares of Johnson Controls International by 4.3% in the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock worth $239,000 after acquiring an additional 123 shares in the last quarter. Sowell Financial Services LLC raised its position in shares of Johnson Controls International by 4.6% during the second quarter. Sowell Financial Services LLC now owns 2,820 shares of the company's stock worth $298,000 after purchasing an additional 123 shares during the period. Finally, HighPoint Advisor Group LLC grew its position in shares of Johnson Controls International by 1.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock valued at $739,000 after purchasing an additional 124 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 0.8%

Shares of Johnson Controls International stock opened at $105.66 on Friday. The stock has a market cap of $69.14 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.90 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. The business's 50 day moving average is $106.90 and its 200-day moving average is $97.10.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 9.53% and a return on equity of 14.71%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's dividend payout ratio (DPR) is presently 47.48%.

Johnson Controls International declared that its board has authorized a stock repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on JCI shares. Jefferies Financial Group restated a "hold" rating and set a $120.00 target price on shares of Johnson Controls International in a report on Thursday, July 24th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Oppenheimer cut Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Wells Fargo & Company upped their price objective on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley increased their price objective on Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Ten investment 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 price target of $107.58.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction 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. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. 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 over the last three months. 0.54% of the stock is owned by insiders.

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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