Prime Capital Investment Advisors LLC Sells 1,988 Shares of Johnson Controls International plc $JCI

Prime Capital Investment Advisors LLC lessened its position in Johnson Controls International plc (NYSE:JCI) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,385 shares of the company’s stock after selling 1,988 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Johnson Controls International were worth $1,731,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JCI. Truvestments Capital LLC increased its stake in Johnson Controls International by 425.0% in the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC bought a new position in shares of Johnson Controls International during the first quarter valued at about $26,000. Cornerstone Planning Group LLC grew its stake in shares of Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after buying an additional 155 shares during the last quarter. Activest Wealth Management grew its stake in shares of Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 133 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of Johnson Controls International during the first quarter valued at about $32,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction 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 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 the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,761 shares of company stock worth $922,447. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JCI. The Goldman Sachs Group raised their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Robert W. Baird raised their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Barclays raised their price objective on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, Zacks Research raised Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.00.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $108.43 on Thursday. The stock’s 50 day simple moving average is $106.92 and its two-hundred day simple moving average is $98.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market cap of $70.96 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.63 and a beta of 1.33. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations 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. As a group, analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its board has initiated a stock buyback plan on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s payout ratio is presently 47.48%.

About Johnson Controls International

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.