Newman Dignan & Sheerar Inc. Takes Position in Johnson Controls International plc $JCI

Newman Dignan & Sheerar Inc. bought a new stake in Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, HoldingsChannel reports. The fund bought 2,300 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JCI. Truvestments Capital LLC increased its stake in 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 buying an additional 255 shares during the period. Accent Capital Management LLC purchased a new position in Johnson Controls International in the 1st quarter worth about $26,000. Cornerstone Planning Group LLC increased its stake 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. Activest Wealth Management increased its stake 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. Finally, Community Bank N.A. purchased a new position in Johnson Controls International in the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on JCI. Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Morgan Stanley raised 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. Barclays raised their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Jefferies Financial Group reissued a “hold” rating and set a $120.00 target price on shares of Johnson Controls International in a research report on Thursday, July 24th. Finally, Wolfe Research raised their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $108.28.

Johnson Controls International Stock Down 0.2%

NYSE:JCI opened at $108.66 on Friday. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63. The stock has a market capitalization of $71.10 billion, a P/E ratio of 32.24, a P/E/G ratio of 1.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The company’s 50-day simple moving average is $106.84 and its 200-day simple moving average is $98.12.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business 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. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

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 is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. Johnson Controls International’s dividend payout ratio (DPR) is 47.48%.

Johnson Controls International announced that its board has approved a share repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 $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. Insiders sold a total of 8,761 shares of company stock valued at $922,447 over the last quarter. 0.54% of the stock is 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.