Wealth Enhancement Advisory Services LLC Buys 8,246 Shares of Johnson Controls International plc $JCI

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Johnson Controls International by 8.7%, acquiring an additional 8,246 shares during Q2, bringing its total to 103,002 shares valued at approximately $10.99 million.
• Johnson Controls has been rated with an average of ten Buy ratings and ten Hold ratings from analysts, reflecting a consensus of "Moderate Buy" with a target price of about $107.58.
• The company recently announced a quarterly dividend increase from $0.37 to $0.40 per share, effective October 17, representing an annualized dividend yield of 1.5% and a payout ratio of 43.92%.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,002 shares of the company's stock after acquiring an additional 8,246 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Johnson Controls International were worth $10,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TIAA Trust National Association boosted its stake in shares of Johnson Controls International by 1.0% during the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company's stock worth $908,000 after acquiring an additional 115 shares in the last quarter. Strategic Blueprint LLC boosted its stake in shares of Johnson Controls International by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company's stock worth $239,000 after acquiring an additional 123 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of Johnson Controls International by 1.4% during the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company's stock worth $739,000 after acquiring an additional 124 shares in the last quarter. Sfmg LLC boosted its stake in shares of Johnson Controls International by 4.5% during the 1st quarter. Sfmg LLC now owns 2,913 shares of the company's stock worth $233,000 after acquiring an additional 125 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 133 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup upped their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Morgan Stanley upped their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research report on Friday, June 20th. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company upped their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.58.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,183 shares of company stock worth $1,071,501. Insiders own 0.54% of the company's stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $109.25 on Tuesday. 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 plc has a 52 week low of $68.03 and a 52 week high of $112.63. The stock has a market capitalization of $71.49 billion, a PE ratio of 32.42, a P/E/G ratio of 1.93 and a beta of 1.31. The firm has a 50 day moving average of $106.94 and a two-hundred day moving average of $96.76.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share 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 business had revenue of $6.05 billion for the quarter, compared to analyst estimates 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, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be issued a $0.40 dividend. 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. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. Johnson Controls International's payout ratio is presently 43.92%.

Johnson Controls International announced that its board has approved a stock repurchase plan on Friday, June 13th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors 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.

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