Birmingham Capital Management Co. Inc. AL Decreases Stock Holdings in Johnson Controls International plc $JCI

Birmingham Capital Management Co. Inc. AL decreased its position in Johnson Controls International plc (NYSE:JCI) by 2.9% during the second quarter, Holdings Channel.com reports. The fund owned 10,107 shares of the company’s stock after selling 300 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Johnson Controls International were worth $1,068,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Grove Bank & Trust increased its position in shares of Johnson Controls International by 3.5% during the second quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock valued at $329,000 after buying an additional 106 shares during the period. Keudell Morrison Wealth Management increased its position in shares of Johnson Controls International by 4.1% during the second quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock valued at $285,000 after buying an additional 107 shares during the period. REAP Financial Group LLC increased its position in shares of Johnson Controls International by 18.1% during the second quarter. REAP Financial Group LLC now owns 739 shares of the company’s stock valued at $78,000 after buying an additional 113 shares during the period. TIAA Trust National Association increased its position in shares of Johnson Controls International by 1.0% during the first quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after buying an additional 115 shares during the period. Finally, Strategic Blueprint LLC increased its position in shares of Johnson Controls International by 4.3% during the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock valued at $239,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.4%

NYSE:JCI opened at $108.96 on Monday. The company’s 50 day moving average price is $107.31 and its 200-day moving average price is $100.37. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The stock has a market cap of $71.30 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.63 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last issued its earnings results 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. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion for 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. On average, equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a $0.40 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is 47.48%.

Insider Activity at Johnson Controls International

In related 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 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 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 stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of 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. Insiders sold 8,761 shares of company stock worth $922,447 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JCI. The Goldman Sachs Group boosted their price target 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. Citigroup boosted their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Robert W. Baird raised their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $113.41.

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.