1858 Wealth Management LLC Sells 166 Shares of Johnson Controls International plc $JCI

1858 Wealth Management LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,680 shares of the company’s stock after selling 166 shares during the quarter. 1858 Wealth Management LLC’s holdings in Johnson Controls International were worth $283,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of JCI. Nuveen LLC purchased a new position in shares of Johnson Controls International during the 1st quarter valued at about $219,110,000. AQR Capital Management LLC lifted its holdings in Johnson Controls International by 747.6% during the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after purchasing an additional 1,794,089 shares in the last quarter. Alkeon Capital Management LLC bought a new position in shares of Johnson Controls International in the first quarter worth approximately $112,154,000. Voya Investment Management LLC increased its stake in shares of 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 in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Johnson Controls International by 16,575.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,275,357 shares of the company’s stock valued at $134,703,000 after purchasing an additional 1,267,709 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on 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 approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The transaction 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 business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,761 shares of company stock worth $922,447. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

NYSE JCI opened at $105.62 on Friday. The company has a market cap of $69.12 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.58 and a beta of 1.33. 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 business’s 50 day moving average price is $106.96 and its 200-day moving average price is $99.26. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JCI. Barclays upped their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Citigroup increased their target price on Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Robert W. Baird boosted their price target on Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.39.

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.