Nordea Investment Management AB Has $13.61 Million Position in Johnson Controls International plc $JCI

Nordea Investment Management AB raised its stake in Johnson Controls International plc (NYSE:JCI) by 29.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,681 shares of the company’s stock after purchasing an additional 29,470 shares during the period. Nordea Investment Management AB’s holdings in Johnson Controls International were worth $13,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC increased its holdings in shares of 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 purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the first quarter valued at $26,000. Cornerstone Planning Group LLC grew its stake in shares of Johnson Controls International by 74.5% in 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 grew its stake in shares of Johnson Controls International by 56.4% in 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, Hilltop National Bank acquired a new position in shares of Johnson Controls International in the second quarter valued at about $35,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JCI. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Robert W. Baird upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.41.

Johnson Controls International Trading Down 0.4%

JCI opened at $108.96 on Monday. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The company has a 50-day simple moving average of $107.31 and a 200 day simple moving average of $100.37. 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 capitalization of $71.30 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 1.63 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations 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. Analysts predict that Johnson Controls International plc will post 3.64 EPS 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. Stockholders of record on Monday, September 22nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s dividend payout ratio (DPR) is currently 47.48%.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated 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 represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade 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 valued at $922,447 in the last three months. Company insiders own 0.54% of the company’s stock.

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.