Johnson Controls International plc $JCI Shares Bought by Grimes & Company Inc.

Grimes & Company Inc. raised its holdings in Johnson Controls International plc (NYSE:JCI) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,522 shares of the company’s stock after purchasing an additional 259 shares during the period. Grimes & Company Inc.’s holdings in Johnson Controls International were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in shares of Johnson Controls International by 69.8% in the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock valued at $9,057,000 after purchasing an additional 46,459 shares in the last quarter. G&S Capital LLC lifted its holdings in shares of Johnson Controls International by 81.4% in the first quarter. G&S Capital LLC now owns 30,342 shares of the company’s stock valued at $2,431,000 after purchasing an additional 13,612 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock valued at $1,179,000 after purchasing an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Johnson Controls International by 2,213.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company’s stock valued at $57,748,000 after purchasing an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Johnson Controls International by 22.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company’s stock valued at $480,000 after purchasing an additional 1,096 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the company’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 transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company’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 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 have sold 8,761 shares of company stock valued at $922,447 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Oppenheimer downgraded shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Wolfe Research upped their price objective on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday, September 27th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $108.26 on Wednesday. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. 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 company has a 50 day moving average price of $106.84 and a 200 day moving average price of $98.77. The firm has a market capitalization of $70.85 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last issued its quarterly 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. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has initiated a stock repurchase program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.5%. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. 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.