Novem Group Trims Holdings in Johnson Controls International plc $JCI

Novem Group cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 41,556 shares of the company’s stock after selling 1,075 shares during the quarter. Novem Group’s holdings in Johnson Controls International were worth $4,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JCI. Brighton Jones LLC purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $222,000. Centaurus Financial Inc. boosted its holdings in shares of Johnson Controls International by 130.6% during the fourth quarter. Centaurus Financial Inc. now owns 8,409 shares of the company’s stock worth $664,000 after purchasing an additional 4,763 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Johnson Controls International by 6.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,772 shares of the company’s stock valued at $4,481,000 after purchasing an additional 3,547 shares during the period. 111 Capital acquired a new position in Johnson Controls International in the fourth quarter valued at $255,000. Finally, Cullen Investment Group LTD. lifted its position in Johnson Controls International by 5.9% during the first quarter. Cullen Investment Group LTD. now owns 87,826 shares of the company’s stock worth $7,036,000 after buying an additional 4,924 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,183 shares of company stock worth $1,071,501. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Down 0.8%

Shares of NYSE JCI opened at $105.66 on Friday. The stock has a fifty day moving average price of $106.90 and a 200 day moving average price of $97.10. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. The company has a market cap of $69.14 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.90 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate 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. Research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its Board of Directors has approved a share repurchase plan on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.40 per share. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, September 22nd. Johnson Controls International’s payout ratio is 47.48%.

Wall Street Analysts Forecast Growth

Several analysts have commented on JCI shares. The Goldman Sachs Group lifted their price target on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a report on Monday, September 15th. Robert W. Baird upped their price target on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Barclays lifted their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Morgan Stanley boosted their price objective 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. Finally, Citigroup increased their target price on Johnson Controls International from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.58.

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.