Avidian Wealth Enterprises LLC Raises Holdings in Johnson Controls International plc $JCI

Avidian Wealth Enterprises LLC lifted its stake in Johnson Controls International plc (NYSE:JCI) by 10.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,207 shares of the company’s stock after buying an additional 303 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Johnson Controls International were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Truvestments Capital LLC boosted its position in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the 1st quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its stake in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the period. Activest Wealth Management grew its stake in Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after acquiring an additional 133 shares during the period. Finally, Hilltop National Bank acquired a new stake in Johnson Controls International in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

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 in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 139,459 shares of the company’s stock, valued at $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 8,761 shares of company stock valued at $922,447 over the last quarter. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on JCI. Citigroup upped their price objective on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Jefferies Financial Group restated a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada increased their target price on Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Ten 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $113.41.

Johnson Controls International Price Performance

NYSE:JCI opened at $108.52 on Thursday. 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 stock has a market cap of $71.01 billion, a PE ratio of 32.20, a P/E/G ratio of 1.67 and a beta of 1.33. The stock has a 50 day moving average price of $107.55 and a 200 day moving average price of $100.77.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations 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. Equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal 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 given a $0.40 dividend. The ex-dividend date was Monday, September 22nd. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. 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.