Sierra Summit Advisors LLC Lowers Stake in Johnson Controls International plc $JCI

Sierra Summit Advisors LLC lowered its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 17,315 shares of the company’s stock after selling 478 shares during the period. Sierra Summit Advisors LLC’s holdings in Johnson Controls International were worth $1,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JCI. Caitong International Asset Management Co. Ltd purchased a new position in shares of Johnson Controls International during the second quarter valued at approximately $28,000. MTM Investment Management LLC bought a new position in Johnson Controls International during the 2nd quarter valued at approximately $32,000. Truvestments Capital LLC increased its position in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC purchased a new position in Johnson Controls International during the first quarter valued at $26,000. Finally, Hilltop National Bank bought a new stake in Johnson Controls International in the second quarter worth $35,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was 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 approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lei Zhang Schlitz sold 10,500 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $122.03, for a total value of $1,281,315.00. Following the completion of the transaction, the vice president directly owned 115,220 shares in the company, valued at $14,060,296.60. The trade was a 8.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,839 shares of company stock worth $2,056,315. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on JCI. Morgan Stanley increased their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Argus restated a “buy” rating and set a $145.00 price objective on shares of Johnson Controls International in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $124.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Ten 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 target price of $121.00.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $113.50 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $111.81 and a 200-day moving average price of $106.74. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $123.78. The firm has a market capitalization of $69.36 billion, a PE ratio of 33.68, a P/E/G ratio of 1.70 and a beta of 1.36.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 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 $6.44 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Johnson Controls International has set its FY 2026 guidance at 4.550-4.55 EPS. Q1 2026 guidance at 0.830-0.83 EPS. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. Johnson Controls International’s dividend payout ratio is presently 31.43%.

About Johnson Controls International

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.