Johnson Controls International plc $JCI Holdings Lifted by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors LLC increased its holdings in Johnson Controls International by 34.4%, owning 12,747 shares worth approximately $1.02 million at the end of the most recent quarter.
• Analysts have issued favorable reviews of Johnson Controls International, with multiple firms raising target prices and giving stock ratings such as "overweight" and "buy."
• The company recently announced a $9 billion share repurchase program, indicating confidence in its stock valuation, while also maintaining a dividend yield of 1.4%.

Sax Wealth Advisors LLC grew its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,747 shares of the company's stock after buying an additional 3,261 shares during the quarter. Sax Wealth Advisors LLC's holdings in Johnson Controls International were worth $1,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JCI. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International in the 1st quarter valued at about $26,000. Cornerstone Planning Group LLC lifted its holdings in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after acquiring an additional 155 shares during the last quarter. Community Bank N.A. acquired a new position in Johnson Controls International in the first quarter valued at approximately $32,000. Rossby Financial LCC acquired a new position in Johnson Controls International in the first quarter valued at approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in Johnson Controls International during the first quarter worth $43,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada increased their target price 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. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a research report on Thursday, May 8th. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Barclays lifted their price target 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. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $105.72.

Insider Activity

In other news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president owned 42,574 shares of the company's stock, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The transaction was disclosed in a document filed 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 Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the sale, the vice president owned 140,881 shares in the company, valued at approximately $14,607,950.89. This trade represents a 1.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,266 shares of company stock valued at $1,986,931 in the last three months. Insiders own 0.54% of the company's stock.

Johnson Controls International Stock Up 0.8%

Shares of NYSE:JCI traded up $0.85 during midday trading on Wednesday, hitting $109.31. 4,714,356 shares of the company's stock traded hands, compared to its average volume of 4,772,099. Johnson Controls International plc has a twelve month low of $67.68 and a twelve month 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 company has a market cap of $71.53 billion, a PE ratio of 32.44, a P/E/G ratio of 1.89 and a beta of 1.30. The firm's fifty day moving average price is $105.99 and its two-hundred day moving average price is $93.86.

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 analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates 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. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Johnson Controls International's payout ratio is presently 43.92%.

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 outstanding shares. This buyback authorization allows the company to buy up to 13.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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.