TD Private Client Wealth LLC Acquires 1,762 Shares of Johnson Controls International plc $JCI

TD Private Client Wealth LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 10.9% during the second quarter, Holdings Channel.com reports. The fund owned 17,917 shares of the company’s stock after purchasing an additional 1,762 shares during the quarter. TD Private Client Wealth LLC’s holdings in Johnson Controls International were worth $1,892,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Truvestments Capital LLC increased its holdings 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 purchasing an additional 255 shares during the period. Accent Capital Management LLC acquired a new stake in Johnson Controls International during the first quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its stake in 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 acquiring an additional 155 shares during the period. Activest Wealth Management raised its holdings 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 in the last quarter. Finally, Community Bank N.A. bought a new stake in shares of Johnson Controls International during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Oppenheimer lowered shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Wolfe Research upped their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Citigroup increased their price target on shares of 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, Robert W. Baird boosted their price objective on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.58.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of the company’s 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. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International 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 sale, the vice president 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 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. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $105.66 on Friday. The company’s 50 day moving average price is $106.90 and its two-hundred day moving average price is $97.10. The firm 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 fifty-two week low of $68.03 and a fifty-two week high of $112.63. 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company 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. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

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

Johnson Controls International declared that its Board of Directors has initiated 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 often an indication that the company’s leadership believes its shares are undervalued.

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.