Louisiana State Employees Retirement System Sells 800 Shares of Johnson Controls International plc $JCI

Louisiana State Employees Retirement System cut its holdings in Johnson Controls International plc (NYSE:JCI) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,700 shares of the company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Johnson Controls International were worth $3,665,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JCI. Grove Bank & Trust lifted its holdings in Johnson Controls International by 3.5% during the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock worth $329,000 after buying an additional 106 shares in the last quarter. Keudell Morrison Wealth Management lifted its holdings in Johnson Controls International by 4.1% during the 2nd quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock worth $285,000 after buying an additional 107 shares in the last quarter. TIAA Trust National Association lifted its holdings in Johnson Controls International by 1.0% during the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock worth $908,000 after buying an additional 115 shares in the last quarter. Strategic Blueprint LLC lifted its holdings in Johnson Controls International by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock worth $239,000 after buying an additional 123 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in Johnson Controls International by 4.6% during the 2nd quarter. Sowell Financial Services LLC now owns 2,820 shares of the company’s stock worth $298,000 after buying an additional 123 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction 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 directly owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,761 shares of company stock valued at $922,447. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $108.43 on Thursday. The firm has a market cap of $70.95 billion, a PE ratio of 32.18, a PEG ratio of 1.63 and a beta of 1.33. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63. The company has a fifty day moving average price of $106.92 and a 200 day moving average price of $98.84.

Johnson Controls International (NYSE:JCI) last announced its earnings results 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 during the quarter, compared to analyst estimates 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. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

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

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 yield of 1.5%. The ex-dividend date of this dividend 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 currently 47.48%.

Analysts Set New Price Targets

Several research firms have issued reports on JCI. Barclays upped their price objective on Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a $120.00 target price on shares of Johnson Controls International in a research report on Thursday, July 24th. Morgan Stanley upped their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Robert W. Baird upped their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.

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.