Ritholtz Wealth Management Increases Stock Holdings in Johnson Controls International plc $JCI

Ritholtz Wealth Management raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 22.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,358 shares of the company’s stock after acquiring an additional 1,148 shares during the period. Ritholtz Wealth Management’s holdings in Johnson Controls International were worth $672,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock valued at $5,483,104,000 after acquiring an additional 288,576 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Johnson Controls International by 2.5% in the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock worth $591,078,000 after acquiring an additional 178,169 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Johnson Controls International by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company’s stock valued at $509,024,000 after buying an additional 185,476 shares in the last quarter. Amundi raised its stake in Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company’s stock valued at $366,412,000 after buying an additional 860,899 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Johnson Controls International by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock valued at $254,631,000 after buying an additional 198,817 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $108.96 on Friday. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. The firm has a market capitalization of $71.30 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The business has a 50 day simple moving average of $107.31 and a 200 day simple moving average of $100.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The business 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. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a $0.40 dividend. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Insider Buying and Selling

In related 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 value of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 transaction, the vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $922,447 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on JCI shares. Wolfe Research upped their price objective on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Barclays upped their price objective on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price target on Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Robert W. Baird increased their price target on Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price target on shares of Johnson Controls International in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

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.