IVC Wealth Advisors LLC Sells 340 Shares of Johnson Controls International plc $JCI

IVC Wealth Advisors LLC trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,728 shares of the company’s stock after selling 340 shares during the period. IVC Wealth Advisors LLC’s holdings in Johnson Controls International were worth $394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC increased its stake in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC bought a new position in Johnson Controls International during the first quarter valued at about $26,000. Cornerstone Planning Group LLC increased its stake in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after acquiring an additional 155 shares during the period. Activest Wealth Management increased its stake in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after acquiring an additional 133 shares during the period. Finally, Community Bank N.A. bought a new position in Johnson Controls International during the first quarter valued at about $32,000. 90.05% of the stock is currently owned by institutional investors.

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’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 transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction 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 transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock worth $922,447 over the last three months. 0.54% of the stock is owned by company insiders.

Johnson Controls International Stock Up 0.0%

Shares of JCI opened at $108.70 on Friday. The company has a market capitalization of $71.13 billion, a P/E ratio of 32.25, a PEG ratio of 1.64 and a beta of 1.33. 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 plc has a one year low of $68.03 and a one year high of $112.63. The business’s 50 day simple moving average is $106.78 and its 200-day simple moving average is $98.41.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its board has initiated a stock repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Johnson Controls International Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JCI. Barclays boosted their price target on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday, September 27th. Robert W. Baird upped their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Wolfe Research upped their price objective on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Finally, Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Ten research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.00.

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.