Heartland Bank & Trust Co trimmed its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,008 shares of the company’s stock after selling 105 shares during the quarter. Heartland Bank & Trust Co’s holdings in Johnson Controls International were worth $951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC raised its position in Johnson Controls International by 425.0% during 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 in the last quarter. Accent Capital Management LLC bought a new position in Johnson Controls International during the first quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its position in 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 acquiring an additional 155 shares in the last quarter. Activest Wealth Management raised its position in 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 acquiring an additional 133 shares in the last quarter. Finally, Community Bank N.A. bought a new position in Johnson Controls International during the first quarter valued at approximately $32,000. 90.05% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Johnson Controls International
In other news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction 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 sale, the vice president owned 139,459 shares in the company, 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 Johnson Controls International stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is currently owned by corporate insiders.
Johnson Controls International Trading Up 0.7%
Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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, sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International Increases Dividend
The business 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 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 dividend payout ratio is 47.48%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Morgan Stanley lifted their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $109.39.
View Our Latest Research Report on JCI
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.
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