Cullen Investment Group LTD. Grows Position in Johnson Controls International plc $JCI

Cullen Investment Group LTD. increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,142 shares of the company’s stock after buying an additional 5,316 shares during the period. Johnson Controls International comprises about 1.4% of Cullen Investment Group LTD.’s portfolio, making the stock its 18th biggest position. Cullen Investment Group LTD.’s holdings in Johnson Controls International were worth $9,838,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC increased its stake in shares of 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 buying an additional 255 shares during the period. Accent Capital Management LLC purchased a new stake in shares of Johnson Controls International during the first quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its stake in shares of Johnson Controls International by 74.5% during the first 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 increased its stake in shares of Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after buying an additional 133 shares during the period. Finally, Community Bank N.A. purchased a new stake in shares of Johnson Controls International during the first quarter worth approximately $32,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of JCI opened at $107.55 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a market cap of $70.38 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The company’s 50 day simple moving average is $106.70 and its 200-day simple moving average is $95.51. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

Johnson Controls International (NYSE:JCI) last announced its earnings results 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. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. 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 year.

Johnson Controls International announced that its Board of Directors has authorized a stock buyback program on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. Johnson Controls International’s payout ratio is 43.92%.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction 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 sale, the vice president directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,183 shares of company stock worth $1,071,501. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JCI. Morgan Stanley upped their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada increased their price target on shares of Johnson Controls International from $112.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Citigroup increased their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $105.72.

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.