Park Avenue Securities LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 27.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,380 shares of the company's stock after purchasing an additional 14,730 shares during the quarter. Park Avenue Securities LLC's holdings in Johnson Controls International were worth $7,222,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC increased its position in shares of Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after acquiring an additional 255 shares in the last quarter. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International in the first quarter worth $26,000. Cornerstone Planning Group LLC raised 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 worth $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management increased its holdings in Johnson Controls International by 56.4% in 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. bought a new stake in Johnson Controls International in the 1st quarter worth about $32,000. 90.05% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was 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 trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have recently commented on JCI shares. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $120.00 target price on shares of Johnson Controls International in a research report on Thursday, July 24th. Oppenheimer lowered Johnson Controls International from an "outperform" rating to a "market perform" rating in a report on Friday, June 20th. Zacks Research upgraded Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Finally, Robert W. Baird boosted their price target on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.58.
Check Out Our Latest Report on JCI
Johnson Controls International Stock Performance
Shares of NYSE:JCI opened at $108.68 on Monday. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. The stock has a market capitalization of $71.12 billion, a P/E ratio of 32.25, a PEG ratio of 1.93 and a beta of 1.31. The firm has a fifty day simple moving average of $106.88 and a two-hundred day simple moving average of $96.55. 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 (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating 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 firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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, analysts expect 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 program 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 programs are usually an indication that the company's management believes its shares are undervalued.
Johnson Controls International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. 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. Johnson Controls International's dividend payout ratio is 43.92%.
About Johnson Controls International
(
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.
Further Reading
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