Sequoia Financial Advisors LLC Has $2.52 Million Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Sequoia Financial Advisors LLC cut its holdings in Johnson Controls International by 86.9% in Q2, now owning 23,856 shares worth $2.52 million.
• Other investors like Allspring Global and CWM LLC increased their holdings during the same period, indicating strong institutional interest in the company.
• Johnson Controls International plans to pay a quarterly dividend of $0.40 on October 17, up from the previous $0.37, reflecting a growing commitment to shareholder returns.

Sequoia Financial Advisors LLC decreased its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 86.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,856 shares of the company's stock after selling 158,555 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Johnson Controls International were worth $2,520,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in Johnson Controls International by 103.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,445,588 shares of the company's stock worth $151,310,000 after acquiring an additional 736,157 shares during the last quarter. CWM LLC grew its holdings in Johnson Controls International by 38.6% during the 2nd quarter. CWM LLC now owns 77,339 shares of the company's stock worth $8,169,000 after acquiring an additional 21,535 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE bought a new stake in Johnson Controls International during the 2nd quarter worth about $222,000. Vanguard Personalized Indexing Management LLC grew its holdings in Johnson Controls International by 19.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 88,561 shares of the company's stock worth $9,357,000 after acquiring an additional 14,626 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in Johnson Controls International by 27.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,868 shares of the company's stock worth $937,000 after acquiring an additional 1,898 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the business's 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 completion of the transaction, the vice president owned 139,459 shares of the company's stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business's stock in a transaction dated 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 transaction, the vice president directly owned 25,005 shares of the company's stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Up 2.7%

Johnson Controls International stock opened at $110.73 on Thursday. The company has a market cap of $72.46 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.33. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63. The company has a fifty day simple moving average of $107.14 and a 200 day simple moving average of $99.70. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

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. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost 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 1.4%. Johnson Controls International's dividend payout ratio (DPR) is presently 47.48%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JCI shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Wolfe Research raised their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $110.89.

Johnson Controls International Company 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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