Stratos Wealth Partners LTD. Has $3.05 Million Stock Position in Johnson Controls International plc $JCI

Key Points

• Stratos Wealth Partners LTD. increased its stake in Johnson Controls International plc by 82.7%, owning 28,836 shares valued at approximately $3.05 million.
• Institutional investors hold a significant majority, 90.05%, of Johnson Controls International's stock, reflecting strong interest from major firms like Vanguard and Goldman Sachs.
• Johnson Controls recently raised its quarterly dividend to $0.40 per share, resulting in an annualized dividend yield of 1.5%.

Stratos Wealth Partners LTD. grew its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 82.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,836 shares of the company's stock after purchasing an additional 13,049 shares during the period. Stratos Wealth Partners LTD.'s holdings in Johnson Controls International were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock valued at $5,483,104,000 after purchasing an additional 288,576 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock valued at $591,078,000 after purchasing an additional 178,169 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Johnson Controls International by 3.0% during 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 purchasing an additional 185,476 shares during the period. Amundi raised its holdings in shares of Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company's stock valued at $366,412,000 after purchasing an additional 860,899 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Johnson Controls International by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company's stock valued at $254,631,000 after purchasing an additional 198,817 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the transaction, the vice president directly owned 139,459 shares of the company's stock, valued at $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 available at the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares of the company's stock, valued at $2,643,778.65. This represents 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 8,761 shares of company stock valued at $922,447 over the last three months. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on JCI shares. Barclays upped their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Morgan Stanley upped their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, September 15th. JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $105.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, October 15th. Finally, Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.41.

Johnson Controls International Trading Down 0.4%

Shares of JCI stock opened at $108.96 on Monday. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week 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 50-day simple moving average of $107.31 and a two-hundred day simple moving average of $100.37. The company has a market capitalization of $71.30 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.63 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping 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 business 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. Research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's payout ratio is currently 47.48%.

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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