Focus Partners Wealth Buys 3,881 Shares of Johnson Controls International plc $JCI

Focus Partners Wealth grew its stake in Johnson Controls International plc (NYSE:JCI) by 15.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,052 shares of the company’s stock after acquiring an additional 3,881 shares during the period. Focus Partners Wealth’s holdings in Johnson Controls International were worth $2,328,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. TIAA Trust National Association grew its holdings in shares of Johnson Controls International by 1.0% in the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after acquiring an additional 115 shares in the last quarter. Strategic Blueprint LLC grew its holdings in shares of Johnson Controls International by 4.3% in the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock valued at $239,000 after acquiring an additional 123 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of Johnson Controls International by 1.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company’s stock valued at $739,000 after acquiring an additional 124 shares in the last quarter. Sfmg LLC grew its holdings in shares of Johnson Controls International by 4.5% in the 1st quarter. Sfmg LLC now owns 2,913 shares of the company’s stock valued at $233,000 after acquiring an additional 125 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Johnson Controls International by 56.4% in 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 in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Barclays raised their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Morgan Stanley raised their target price 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. Citigroup raised their target price 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. Finally, Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus target price of $105.72.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business’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 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. Insiders sold 10,183 shares of company stock worth $1,071,501 over the last three months. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Trading Down 0.8%

Shares of JCI stock opened at $106.91 on Wednesday. The firm has a 50 day moving average price of $106.76 and a two-hundred day moving average price of $95.90. 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 company has a market capitalization of $69.96 billion, a PE ratio of 31.72, a price-to-earnings-growth 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 announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate 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 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, analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a positive change 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 payout ratio is 43.92%.

Johnson Controls International announced that its board has authorized a share repurchase program on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is 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.