Founders Grove Wealth Partners LLC Takes $228,000 Position in Johnson Controls International plc $JCI

Founders Grove Wealth Partners LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,160 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds also recently made changes to their positions in JCI. Brighton Jones LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $222,000. GAMMA Investing LLC grew its stake in shares of Johnson Controls International by 27.8% during the 1st quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock valued at $1,179,000 after acquiring an additional 3,201 shares during the period. SG Americas Securities LLC grew its stake in shares of Johnson Controls International by 29.1% during the 1st quarter. SG Americas Securities LLC now owns 22,483 shares of the company’s stock valued at $1,801,000 after acquiring an additional 5,067 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Johnson Controls International by 66.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 94,756 shares of the company’s stock valued at $7,591,000 after acquiring an additional 37,984 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Johnson Controls International by 22.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company’s stock valued at $480,000 after acquiring an additional 1,096 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the 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 completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. The trade was 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 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Robert W. Baird upped their price target on Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Zacks Research upgraded Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average price target of $109.39.

Johnson Controls International Stock Up 0.7%

NYSE JCI opened at $106.32 on Tuesday. 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 market capitalization of $69.57 billion, a P/E ratio of 31.55, a P/E/G ratio of 1.59 and a beta of 1.33. Johnson Controls International plc has a one year low of $68.03 and a one year high of $112.63. The stock has a 50 day moving average price of $106.96 and a 200-day moving average price of $99.57.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion during 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. As a group, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The company 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 is Monday, September 22nd. 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. Johnson Controls International’s dividend payout ratio 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.