Johnson Controls International plc $JCI Shares Acquired by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management increased its investment in Johnson Controls International by 25.2%, acquiring an additional 10,741 shares, now holding a total worth of $5.64 million.
• Johnson Controls International recently raised its quarterly dividend from $0.37 to $0.40, indicating a commitment to returning value to shareholders.
• Analyst ratings are mixed, with ten analysts giving a buy rating and ten a hold rating, but the stock has an average target price of $107.58, reflecting positive market sentiment.

Wedge Capital Management L L P NC raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 25.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 53,406 shares of the company's stock after purchasing an additional 10,741 shares during the period. Wedge Capital Management L L P NC's holdings in Johnson Controls International were worth $5,641,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC lifted its position in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after purchasing an additional 255 shares during the period. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the 1st quarter valued at $26,000. Cornerstone Planning Group LLC lifted its position in shares of Johnson Controls International by 74.5% during the 1st 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 period. Activest Wealth Management lifted its position 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 valued at $30,000 after acquiring an additional 133 shares during the period. Finally, Community Bank N.A. acquired a new position in shares of Johnson Controls International during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was 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 $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was 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. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,183 shares of company stock valued at $1,071,501 over the last quarter. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research reports. Wolfe Research boosted 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 report on Friday, September 12th. Citigroup boosted their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Royal Bank Of Canada boosted their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley boosted 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. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $107.58.

Johnson Controls International Stock Performance

NYSE:JCI traded down $1.48 on Tuesday, hitting $107.81. The stock had a trading volume of 2,120,088 shares, compared to its average volume of 4,694,929. The stock has a market cap of $70.55 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The business's 50-day simple moving average is $106.94 and its two-hundred day simple moving average is $96.76. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted 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 return on equity of 14.71% and a net margin of 9.53%.The firm had revenue of $6.05 billion for the quarter, compared to analysts' expectations 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. As a group, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International announced that its Board of Directors has initiated a share buyback program on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be issued a $0.40 dividend. The ex-dividend date is Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio (DPR) is currently 43.92%.

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.