Vontobel Holding Ltd. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 2.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,005 shares of the company's stock after selling 10,862 shares during the period. Vontobel Holding Ltd. owned approximately 0.06% of Johnson Controls International worth $42,143,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock worth $5,483,104,000 after buying an additional 288,576 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Johnson Controls International by 2.5% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Johnson Controls International by 3.0% in the 1st 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 in the last quarter. Amundi boosted its stake in shares of Johnson Controls International by 22.2% in the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Johnson Controls International by 6.7% in the 1st 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 in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Johnson Controls International
In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is owned by insiders.
Johnson Controls International Stock Up 0.1%
Johnson Controls International stock opened at $108.43 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $112.63. The firm has a 50 day moving average price of $106.92 and a two-hundred day moving average price of $98.84. The firm has a market cap of $70.95 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.63 and a beta of 1.33.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The company 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 analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International announced that its board has initiated a stock repurchase plan on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.
Johnson Controls International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a dividend of $0.40 per share. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International's payout ratio is currently 47.48%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on JCI. Wolfe Research raised their price target 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. Morgan Stanley raised their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Barclays raised their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Johnson Controls International in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.00.
Get Our Latest Stock Analysis on Johnson Controls International
Johnson Controls International Company Profile
(
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.
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