OLD National Bancorp IN Decreases Holdings in Johnson Controls International plc $JCI

OLD National Bancorp IN trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 22.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,687 shares of the company’s stock after selling 772 shares during the quarter. OLD National Bancorp IN’s holdings in Johnson Controls International were worth $284,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC raised its holdings in shares of Johnson Controls International by 3.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,125 shares of the company’s stock valued at $436,000 after buying an additional 143 shares in the last quarter. Financial Insights Inc. purchased a new position in shares of Johnson Controls International during the 2nd quarter valued at about $236,000. 111 Capital raised its holdings in shares of Johnson Controls International by 41.8% during the 2nd quarter. 111 Capital now owns 26,048 shares of the company’s stock valued at $2,751,000 after buying an additional 7,683 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Johnson Controls International by 190.5% during the 2nd quarter. QRG Capital Management Inc. now owns 373,499 shares of the company’s stock valued at $39,449,000 after buying an additional 244,942 shares in the last quarter. Finally, Ascent Group LLC raised its holdings in shares of Johnson Controls International by 7.2% during the 2nd quarter. Ascent Group LLC now owns 4,549 shares of the company’s stock valued at $480,000 after buying an additional 304 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird raised 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. Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 20th. Zacks Research upgraded Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. 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. Finally, Royal Bank Of Canada raised 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. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $109.00.

Johnson Controls International Price Performance

Shares of JCI stock opened at $108.26 on Wednesday. The firm has a market cap of $70.85 billion, a P/E ratio of 32.13, a P/E/G ratio of 1.64 and a beta of 1.33. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63. The business’s 50 day moving average price is $106.84 and its 200-day moving average price is $98.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates 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. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

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

Johnson Controls International declared that its board has approved a share buyback plan on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s 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 owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is currently owned by company insiders.

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.