Sage Mountain Advisors LLC Lowers Stake in Johnson Controls International plc $JCI

Sage Mountain Advisors LLC cut its position in Johnson Controls International plc (NYSE:JCI) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,707 shares of the company’s stock after selling 331 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Johnson Controls International were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Grove Bank & Trust increased its holdings in Johnson Controls International by 3.5% during the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock worth $329,000 after purchasing 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 worth $285,000 after purchasing an additional 107 shares in the last quarter. REAP Financial Group LLC lifted its stake in Johnson Controls International by 18.1% in 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 last quarter. TIAA Trust National Association raised its position in Johnson Controls International by 1.0% in the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after purchasing an additional 115 shares during the last quarter. Finally, Strategic Blueprint LLC raised its holdings in shares of Johnson Controls International by 4.3% in 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 last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JCI shares. Barclays upped their price target on 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. Wolfe Research upped their target price on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Morgan Stanley lifted their target price on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Saturday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s 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 completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,761 shares of company stock valued at $922,447 in the last 90 days. Insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $113.04 on Friday. 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 firm’s 50-day simple moving average is $107.85 and its 200-day simple moving average is $101.54. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $113.38. The firm has a market cap of $73.97 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 1.69 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 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates 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 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. Shareholders of record on Monday, September 22nd were paid a $0.40 dividend. The ex-dividend date was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. Johnson Controls International’s payout ratio is presently 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.