Johnson Controls International plc $JCI Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 29.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,983,526 shares of the company’s stock after selling 847,403 shares during the quarter. Johnson Controls International accounts for 2.4% of Cullen Capital Management LLC’s portfolio, making the stock its 15th largest position. Cullen Capital Management LLC owned about 0.30% of Johnson Controls International worth $209,500,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Johnson Controls International by 1.3% in the second quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company’s stock valued at $7,326,380,000 after purchasing an additional 920,777 shares during the period. State Street Corp increased its stake in Johnson Controls International by 2.5% during the 2nd quarter. State Street Corp now owns 28,521,478 shares of the company’s stock worth $3,022,673,000 after buying an additional 683,467 shares during the period. Franklin Resources Inc. lifted its holdings in Johnson Controls International by 3.0% in the 2nd quarter. Franklin Resources Inc. now owns 23,223,902 shares of the company’s stock worth $2,452,909,000 after buying an additional 675,862 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Johnson Controls International by 2.7% in the 2nd quarter. Fisher Asset Management LLC now owns 16,604,983 shares of the company’s stock worth $1,753,818,000 after buying an additional 430,437 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Johnson Controls International by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 14,285,011 shares of the company’s stock valued at $1,501,266,000 after buying an additional 120,078 shares during the last quarter. 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 the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the sale, the vice president directly owned 66,780 shares in the company, valued at approximately $7,559,496. This represents a 32.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of a number of analyst reports. HSBC lifted their target price on Johnson Controls International from $79.00 to $127.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Mizuho increased their target price on Johnson Controls International from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Finally, Hsbc Global Res raised shares of Johnson Controls International to a “hold” rating in a report on Monday, November 24th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $121.32.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $114.79 on Monday. The company has a market cap of $70.15 billion, a PE ratio of 22.55, a P/E/G ratio of 1.38 and a beta of 1.41. The company has a fifty day moving average price of $114.00 and a two-hundred day moving average price of $108.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.93 and a quick ratio of 0.76. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $123.78.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, November 5th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.06. Johnson Controls International had a net margin of 13.95% and a return on equity of 15.35%. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. 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. Research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 22nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, December 22nd. Johnson Controls International’s payout ratio is presently 31.43%.

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.