Lee Danner & Bass Inc. Sells 959 Shares of Johnson Controls International plc $JCI

Lee Danner & Bass Inc. reduced its position in Johnson Controls International plc (NYSE:JCI) by 32.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,019 shares of the company’s stock after selling 959 shares during the period. Lee Danner & Bass Inc.’s holdings in Johnson Controls International were worth $213,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC raised its stake 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 during the last quarter. Accent Capital Management LLC bought a new stake in shares of Johnson Controls International during the 1st quarter valued at $26,000. Cornerstone Planning Group LLC boosted its holdings in Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Johnson Controls International in the 2nd quarter worth $28,000. Finally, Activest Wealth Management boosted 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 worth $30,000 after buying an additional 133 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of JCI stock opened at $113.04 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $73.97 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.66 and a beta of 1.33. The company’s 50-day simple moving average is $107.85 and its two-hundred day simple moving average is $101.33. Johnson Controls International plc has a one year low of $68.03 and a one year high of $113.38.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.53% and a return on equity of 14.71%. 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, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were paid 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 1.4%. The ex-dividend date was Monday, September 22nd. Johnson Controls International’s payout ratio is 47.48%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Barclays boosted their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Citigroup boosted their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price target 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, Wolfe Research boosted their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned 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 $113.41.

Johnson Controls International Company 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.