Interchange Capital Partners LLC Takes $56,000 Position in Johnson Controls International plc $JCI

Interchange Capital Partners LLC bought a new stake in Johnson Controls International plc (NYSE:JCI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 529 shares of the company’s stock, valued at approximately $56,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock valued at $5,483,104,000 after purchasing an additional 288,576 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Johnson Controls International by 2.5% in the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock valued at $591,078,000 after purchasing an additional 178,169 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Johnson Controls International by 3.0% in 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 valued at $509,024,000 after purchasing an additional 185,476 shares in the last quarter. Amundi raised its stake in shares of 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 purchasing an additional 198,817 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent research reports. Citigroup upped their target price on Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Zacks Research upgraded Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. The Goldman Sachs Group increased their price objective on Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Robert W. Baird increased their price objective on Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $110.89.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on 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 owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock worth $922,447 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock opened at $110.73 on Thursday. The stock’s fifty day moving average is $107.14 and its 200-day moving average is $99.70. 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 capitalization of $72.46 billion, a PE ratio of 32.86, a PEG ratio of 1.62 and a beta of 1.33. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The company 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. Equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 22nd. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. Johnson Controls International’s dividend payout ratio (DPR) is currently 47.48%.

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.