Summit Asset Management LLC Boosts Holdings in Johnson Controls International plc $JCI

Summit Asset Management LLC grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 5.1% during the second quarter, HoldingsChannel reports. The firm owned 20,800 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Summit Asset Management LLC’s holdings in Johnson Controls International were worth $2,197,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new stake in Johnson Controls International during the 1st quarter valued at approximately $219,110,000. AQR Capital Management LLC raised its position in shares of Johnson Controls International by 747.6% in the 1st quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock worth $159,186,000 after acquiring an additional 1,794,089 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Johnson Controls International by 232.4% in the 2nd quarter. Jennison Associates LLC now owns 2,124,125 shares of the company’s stock valued at $224,350,000 after purchasing an additional 1,485,007 shares during the period. Alkeon Capital Management LLC bought a new stake in shares of Johnson Controls International during the first quarter valued at approximately $112,154,000. Finally, Voya Investment Management LLC grew its stake in Johnson Controls International by 637.1% in the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock worth $125,578,000 after purchasing an additional 1,354,912 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Up 0.1%

NYSE:JCI opened at $122.33 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 has a market cap of $80.05 billion, a P/E ratio of 36.30, a P/E/G ratio of 1.70 and a beta of 1.36. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $123.37. The firm has a 50-day simple moving average of $109.63 and a two-hundred day simple moving average of $104.39.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, November 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Johnson Controls International has set its FY 2026 guidance at 4.550-4.55 EPS. Q1 2026 guidance at 0.830-0.83 EPS. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.3%. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is 31.43%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Johnson Controls International from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $116.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Argus reissued a “buy” rating and issued a $145.00 price target on shares of Johnson Controls International in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $120.72.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 10,500 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $122.03, for a total value of $1,281,315.00. Following the transaction, the vice president directly owned 115,220 shares in the company, valued at approximately $14,060,296.60. The trade was a 8.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,839 shares of company stock valued at $2,056,315. Corporate insiders own 0.54% of the company’s stock.

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.