Integrated Wealth Concepts LLC Trims Stake in Johnson Controls International plc $JCI

Integrated Wealth Concepts LLC lowered its holdings in Johnson Controls International plc (NYSE:JCI) by 13.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,477 shares of the company’s stock after selling 1,365 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Johnson Controls International were worth $679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JCI. Brighton Jones LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at about $222,000. Bank Pictet & Cie Europe AG raised its stake in shares of Johnson Controls International by 67.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 88,569 shares of the company’s stock valued at $6,991,000 after acquiring an additional 35,655 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Johnson Controls International by 65.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,560,645 shares of the company’s stock valued at $202,112,000 after acquiring an additional 1,012,067 shares during the period. NorthRock Partners LLC raised its stake in shares of Johnson Controls International by 140.4% in the 4th quarter. NorthRock Partners LLC now owns 9,300 shares of the company’s stock valued at $734,000 after acquiring an additional 5,431 shares during the period. Finally, Quantinno Capital Management LP raised its position in Johnson Controls International by 122.6% in the fourth quarter. Quantinno Capital Management LP now owns 82,649 shares of the company’s stock valued at $6,524,000 after purchasing an additional 45,524 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.3%

JCI stock opened at $107.55 on Friday. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63. The company’s 50 day moving average price is $106.70 and its 200 day moving average price is $95.51. 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 firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS 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 company had revenue of $6.05 billion for 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. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS 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. Investors of record on Monday, September 22nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.5%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International’s dividend payout ratio is currently 43.92%.

Johnson Controls International declared that its board has approved a share buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 20th. Morgan Stanley boosted their price objective on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Finally, UBS Group reiterated a “buy” rating and set a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $105.72.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 owned 139,459 shares in the company, valued at $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. Insiders sold 10,183 shares of company stock worth $1,071,501 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

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.