Cullen Investment Group LTD. Decreases Stock Position in Johnson Controls International plc $JCI

Cullen Investment Group LTD. trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,499 shares of the company’s stock after selling 12,304 shares during the period. Johnson Controls International accounts for about 1.2% of Cullen Investment Group LTD.’s investment portfolio, making the stock its 20th largest position. Cullen Investment Group LTD.’s holdings in Johnson Controls International were worth $9,145,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Johnson Controls International in the second quarter valued at approximately $795,325,000. Viking Global Investors LP raised its position in shares of Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after purchasing an additional 5,346,130 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after buying an additional 2,675,157 shares in the last quarter. Nordea Investment Management AB grew its holdings in Johnson Controls International by 1,545.8% during the 3rd quarter. Nordea Investment Management AB now owns 2,134,324 shares of the company’s stock valued at $232,705,000 after buying an additional 2,004,643 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Johnson Controls International by 179.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,686,361 shares of the company’s stock valued at $178,113,000 after buying an additional 1,083,911 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Melius Research set a $148.00 price target on Johnson Controls International in a report on Wednesday, January 7th. Rothschild & Co Redburn lifted their price objective on Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. The Goldman Sachs Group reissued a “buy” rating and issued a $154.00 target price on shares of Johnson Controls International in a research note on Thursday, February 5th. Citigroup upped their target price on shares of Johnson Controls International from $129.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.53.

Johnson Controls International Trading Up 0.8%

Shares of Johnson Controls International stock opened at $137.52 on Thursday. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $146.49. The business’s fifty day moving average is $131.68 and its two-hundred day moving average is $119.90. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The firm has a market cap of $84.17 billion, a PE ratio of 25.90, a P/E/G ratio of 1.54 and a beta of 1.38.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. Johnson Controls International had a return on equity of 17.15% and a net margin of 14.17%.The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Johnson Controls International has set its FY 2026 guidance at 4.700-4.700 EPS and its Q2 2026 guidance at 1.110-1.110 EPS. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio is currently 30.13%.

Insider Transactions at Johnson Controls International

In related news, VP Todd M. Grabowski sold 6,050 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $134.90, for a total value of $816,145.00. Following the completion of the sale, the vice president directly owned 34,836 shares in the company, valued at approximately $4,699,376.40. The trade was a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Vergnano purchased 7,665 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $131.94 per share, with a total value of $1,011,320.10. Following the transaction, the director directly owned 37,602 shares of the company’s stock, valued at $4,961,207.88. The trade was a 25.60% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.29% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.