Johnson Controls International plc $JCI Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 50.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,543 shares of the company’s stock after selling 3,573 shares during the period. Belpointe Asset Management LLC’s holdings in Johnson Controls International were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of JCI. Nuveen LLC purchased a new stake in shares of Johnson Controls International in the first quarter valued at about $219,110,000. AQR Capital Management LLC grew its holdings in shares of Johnson Controls International by 747.6% in the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after purchasing an additional 1,794,089 shares during the period. Alkeon Capital Management LLC purchased a new stake in shares of Johnson Controls International in the first quarter valued at about $112,154,000. Voya Investment Management LLC grew its holdings in shares of Johnson Controls International by 637.1% in the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock valued at $125,578,000 after purchasing an additional 1,354,912 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Johnson Controls International by 16,575.7% in the second quarter. Valeo Financial Advisors LLC now owns 1,275,357 shares of the company’s stock valued at $134,703,000 after purchasing an additional 1,267,709 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,761 shares of company stock valued at $922,447. Insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Down 2.0%

NYSE JCI opened at $105.62 on Friday. The firm has a 50 day simple moving average of $106.96 and a 200-day simple moving average of $99.15. 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 one year low of $68.03 and a one year high of $112.63. The firm has a market cap of $69.12 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.62 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates 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. Equities 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 initiated a share repurchase program on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm 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 $0.40 dividend. 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. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. Johnson Controls International’s payout ratio is 47.48%.

Analyst Ratings Changes

JCI has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Oppenheimer lowered shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday. Barclays increased their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird increased their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.39.

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.