Klein Pavlis & Peasley Financial Inc. Sells 2,015 Shares of Johnson Controls International plc $JCI

Klein Pavlis & Peasley Financial Inc. decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 42,172 shares of the company’s stock after selling 2,015 shares during the period. Johnson Controls International accounts for about 3.0% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 9th biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Johnson Controls International were worth $4,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Johnson Controls International by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock worth $5,483,104,000 after acquiring an additional 288,576 shares during the period. Raymond James Financial Inc. boosted its position in shares of Johnson Controls International by 2.5% in the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock worth $591,078,000 after purchasing an additional 178,169 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Johnson Controls International by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company’s stock worth $509,024,000 after purchasing an additional 185,476 shares during the period. Amundi increased its holdings in Johnson Controls International by 22.2% in the first quarter. Amundi now owns 4,731,377 shares of the company’s stock valued at $366,412,000 after purchasing an additional 860,899 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Johnson Controls International by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock valued at $254,631,000 after buying an additional 198,817 shares during the period. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’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 owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,183 shares of company stock worth $1,071,501 over the last quarter. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

JCI stock opened at $107.08 on Monday. The stock has a 50-day moving average price of $106.86 and a two-hundred day moving average price of $97.57. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63. The stock has a market cap of $70.07 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. 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 (NYSE:JCI) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its board has initiated a stock 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Johnson Controls International Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is 47.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JCI shares. Wells Fargo & Company boosted their target price on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Morgan Stanley lifted their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $108.28.

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.