Apexium Financial LP Sells 429 Shares of Johnson Controls International plc $JCI

Apexium Financial LP cut its position in Johnson Controls International plc (NYSE:JCI) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,049 shares of the company’s stock after selling 429 shares during the quarter. Apexium Financial LP’s holdings in Johnson Controls International were worth $322,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Johnson Controls International by 0.4% during the first 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 last quarter. Raymond James Financial Inc. raised its position in shares of Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock worth $591,078,000 after acquiring an additional 178,169 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 acquiring an additional 185,476 shares during the last quarter. Amundi raised its position in shares of Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company’s stock worth $366,412,000 after acquiring an additional 860,899 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Johnson Controls International by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock worth $254,631,000 after acquiring an additional 198,817 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JCI shares. Barclays raised their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Zacks Research raised Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday, September 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, Citigroup raised their target price on Johnson Controls International from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and an average price target of $109.00.

Johnson Controls International Trading Up 0.0%

Shares of Johnson Controls International stock opened at $108.70 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. The stock has a 50 day moving average price of $106.78 and a two-hundred day moving average price of $98.41. The stock has a market capitalization of $71.13 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations 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. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

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

Johnson Controls International declared that its Board of Directors has initiated a stock buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,761 shares of company stock valued at $922,447 in the last three months. Insiders own 0.54% of the company’s stock.

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.