Bank Pictet & Cie Europe AG Increases Holdings in Johnson Controls International plc $JCI

Bank Pictet & Cie Europe AG grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,944 shares of the company’s stock after buying an additional 1,989 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Johnson Controls International were worth $10,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of JCI. Vanguard Group Inc. lifted its holdings in Johnson Controls International by 0.4% in 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. increased its position in shares of Johnson Controls International by 2.5% during the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock valued at $591,078,000 after purchasing an additional 178,169 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Johnson Controls International by 3.0% during the 1st 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 purchasing an additional 185,476 shares during the last quarter. Amundi lifted its stake in shares of Johnson Controls International by 22.2% in the 1st quarter. Amundi now owns 4,731,377 shares of the company’s stock worth $366,412,000 after purchasing an additional 860,899 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Johnson Controls International by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock worth $254,631,000 after buying an additional 198,817 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $105.66 on Friday. The stock has a 50-day moving average price of $106.90 and a 200 day moving average price of $97.10. The stock has a market capitalization of $69.14 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.90 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate 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. Equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

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

Johnson Controls International announced that its Board of Directors has initiated a stock buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

JCI has been the subject of a number of research reports. Wolfe Research upped their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Barclays upped their price objective 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. Zacks Research upgraded Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Citigroup upped their price target on Johnson Controls International from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley raised their price objective on Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $107.58.

Insider Buying and Selling at Johnson Controls International

In related news, 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 transaction of $149,395.32. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred 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 $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,183 shares of company stock worth $1,071,501. Corporate insiders own 0.54% of the company’s stock.

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.