Norway Savings Bank Lowers Stock Holdings in Johnson Controls International plc $JCI

Norway Savings Bank trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,677 shares of the company’s stock after selling 313 shares during the period. Norway Savings Bank’s holdings in Johnson Controls International were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Johnson Controls International by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock valued at $5,483,104,000 after buying an additional 288,576 shares during the period. Raymond James Financial Inc. boosted its position in Johnson Controls International by 2.5% in the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock valued at $591,078,000 after buying an additional 178,169 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Johnson Controls International by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company’s stock valued at $509,024,000 after buying an additional 185,476 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Johnson Controls International by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,168,593 shares of the company’s stock valued at $486,887,000 after buying an additional 777,031 shares during the period. Finally, Amundi boosted its position in Johnson Controls International by 22.2% in the 1st quarter. Amundi now owns 4,731,377 shares of the company’s stock valued at $366,412,000 after buying an additional 860,899 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 0.3%

NYSE JCI opened at $107.55 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The firm has a market cap of $70.38 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. The company has a 50 day moving average price of $106.70 and a 200 day moving average price of $95.51. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate 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. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its Board of Directors has initiated a share buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a dividend of $0.40 per share. 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 annualized dividend and a dividend yield of 1.5%. Johnson Controls International’s dividend payout ratio (DPR) is presently 43.92%.

Insider Activity at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the business’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 transaction, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,183 shares of company stock valued at $1,071,501. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on JCI shares. UBS Group reissued a “buy” rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Citigroup boosted their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Jefferies Financial Group restated a “hold” rating and issued a $120.00 price target on shares of Johnson Controls International in a report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Johnson Controls International has an average rating of “Hold” and an average price target of $105.72.

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.