Assenagon Asset Management S.A. Sells 857 Shares of Johnson Controls International plc $JCI

Assenagon Asset Management S.A. lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,197 shares of the company’s stock after selling 857 shares during the period. Assenagon Asset Management S.A.’s holdings in Johnson Controls International were worth $2,661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust raised its holdings in shares of Johnson Controls International by 3.5% in the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock worth $329,000 after purchasing an additional 106 shares during the period. TIAA Trust National Association increased its position in Johnson Controls International by 1.0% in the first quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock worth $908,000 after buying an additional 115 shares during the last quarter. Strategic Blueprint LLC increased its position in Johnson Controls International by 4.3% in the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock worth $239,000 after buying an additional 123 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Johnson Controls International by 1.4% in the first quarter. HighPoint Advisor Group LLC now owns 8,976 shares of the company’s stock valued at $739,000 after buying an additional 124 shares during the period. Finally, Sfmg LLC lifted its position in shares of Johnson Controls International by 4.5% during the 1st quarter. Sfmg LLC now owns 2,913 shares of the company’s stock valued at $233,000 after buying an additional 125 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

JCI opened at $105.66 on Friday. 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. 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 PEG ratio of 1.90 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations 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 analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be issued a dividend of $0.40 per share. This is a boost 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%. The ex-dividend date is Monday, September 22nd. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Johnson Controls International declared that its Board of Directors has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JCI. The Goldman Sachs Group lifted their price objective on Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Morgan Stanley lifted 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. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Oppenheimer lowered shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Finally, Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Ten 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 MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $107.58.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction dated Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 quarter, insiders sold 10,183 shares of company stock worth $1,071,501. 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.