Adage Capital Partners GP L.L.C. Boosts Holdings in Johnson Controls International plc $JCI

Adage Capital Partners GP L.L.C. raised its position in Johnson Controls International plc (NYSE:JCI) by 179.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,686,361 shares of the company’s stock after buying an additional 1,083,911 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.26% of Johnson Controls International worth $178,113,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Johnson Controls International in the second quarter valued at approximately $795,325,000. Ameriprise Financial Inc. increased its position in shares of Johnson Controls International by 140.8% during the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after acquiring an additional 2,675,157 shares during the last quarter. AQR Capital Management LLC raised its position in Johnson Controls International by 747.6% in the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after purchasing an additional 1,794,089 shares during the period. Jennison Associates LLC lifted its stake in Johnson Controls International by 232.4% during the 2nd quarter. Jennison Associates LLC now owns 2,124,125 shares of the company’s stock worth $224,350,000 after acquiring an additional 1,485,007 shares in the last quarter. Finally, Viking Global Investors LP purchased a new position in Johnson Controls International during the 2nd quarter valued at about $153,235,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 32,031 shares of Johnson Controls International stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the completion of the sale, the vice president directly owned 66,780 shares in the company, valued at $7,559,496. The trade was a 32.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

JCI has been the subject of several research reports. Citigroup boosted their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Barclays boosted their price objective on shares of Johnson Controls International from $101.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Argus reissued a “buy” rating and issued a $145.00 target price on shares of Johnson Controls International in a research report on Friday, November 7th. Wolfe Research raised their price objective on shares of Johnson Controls International from $135.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada boosted their target price on Johnson Controls International from $116.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $121.32.

Johnson Controls International Trading Down 2.8%

Shares of Johnson Controls International stock opened at $114.79 on Friday. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $123.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.93 and a quick ratio of 0.76. The business has a 50 day moving average price of $114.00 and a 200 day moving average price of $108.69. The company has a market capitalization of $70.15 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.41 and a beta of 1.41.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, November 5th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.06. The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Johnson Controls International had a return on equity of 15.35% and a net margin of 13.95%.Johnson Controls International’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 EPS. Johnson Controls International has set its FY 2026 guidance at 4.550-4.55 EPS and its Q1 2026 guidance at 0.830-0.83 EPS. Sell-side analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, December 22nd. Johnson Controls International’s dividend payout ratio (DPR) is currently 31.43%.

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.