Meridian Wealth Management LLC Buys New Stake in Johnson Controls International plc $JCI

Meridian Wealth Management LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,279 shares of the company’s stock, valued at approximately $241,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Johnson Controls International in the 2nd quarter valued at about $28,000. Truvestments Capital LLC lifted its stake in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC bought a new position in shares of Johnson Controls International in the first quarter valued at approximately $26,000. Hilltop National Bank acquired a new position in shares of Johnson Controls International during the second quarter valued at approximately $35,000. Finally, Activest Wealth Management increased its stake in shares of 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. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on JCI. Argus reaffirmed a “buy” rating and set a $145.00 price target on shares of Johnson Controls International in a research note on Friday, November 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. 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 report on Thursday, October 2nd. Royal Bank Of Canada upped their price target on shares of Johnson Controls International from $116.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Finally, Wolfe Research lifted their price objective on shares of Johnson Controls International from $135.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 10,500 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $122.03, for a total transaction of $1,281,315.00. Following the transaction, the vice president directly owned 115,220 shares of the company’s stock, valued at approximately $14,060,296.60. The trade was a 8.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,839 shares of company stock worth $2,056,315 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Down 1.7%

Shares of JCI opened at $114.36 on Wednesday. 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 $123.78. The stock has a market capitalization of $74.84 billion, a P/E ratio of 33.94, a P/E/G ratio of 1.70 and a beta of 1.36. The business’s 50-day moving average price is $111.46 and its 200 day moving average price is $106.34.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, November 5th. The company reported $1.26 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Johnson Controls International has set its FY 2026 guidance at 4.550-4.55 EPS. Q1 2026 guidance at 0.830-0.83 EPS. 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 announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.40 per share. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.4%. Johnson Controls International’s dividend payout ratio (DPR) is presently 31.43%.

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.