Jacobi Capital Management LLC Sells 116 Shares of Johnson Controls International plc $JCI

Jacobi Capital Management LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,457 shares of the company’s stock after selling 116 shares during the period. Jacobi Capital Management LLC’s holdings in Johnson Controls International were worth $357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JCI. Truvestments Capital LLC increased its position in shares of Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after buying an additional 255 shares during the period. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International during the first quarter worth about $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Activest Wealth Management grew its holdings in shares of Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 133 shares in the last quarter. Finally, Community Bank N.A. purchased a new position in shares of Johnson Controls International during the first quarter worth about $32,000. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International 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 completion of the sale, the vice president owned 25,005 shares of the company’s stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,183 shares of company stock valued at $1,071,501 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Wells Fargo & Company upped their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada upped their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Citigroup boosted their price objective on Johnson Controls International from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, UBS Group reiterated a “buy” rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $105.72.

Johnson Controls International Stock Down 0.3%

Shares of Johnson Controls International stock opened at $107.55 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $106.70 and its two-hundred day simple moving average is $95.59. The company has a market cap of $70.38 billion, a P/E ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data 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 business 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. Research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has approved a stock repurchase program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 22nd. This is a boost 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 dividend payout ratio is 43.92%.

About Johnson Controls International

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.