Twin Lakes Capital Management LLC Cuts Holdings in Johnson Controls International plc $JCI

Twin Lakes Capital Management LLC cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 41.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 500 shares of the company’s stock after selling 347 shares during the quarter. Twin Lakes Capital Management LLC’s holdings in Johnson Controls International were worth $40,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JCI. Truvestments Capital LLC boosted its holdings in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new position in Johnson Controls International during the first quarter worth about $26,000. Cornerstone Planning Group LLC boosted its holdings in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management boosted its holdings in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Community Bank N.A. bought a new stake in Johnson Controls International in the first quarter worth about $32,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This represents 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 10,183 shares of company stock valued at $1,071,501. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $107.75 on Thursday. 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 company has a market capitalization of $70.51 billion, a PE ratio of 31.97, a P/E/G ratio of 1.89 and a beta of 1.31. The firm has a fifty day simple moving average of $106.65 and a two-hundred day simple moving average of $95.18. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion during 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. Research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

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

Johnson Controls International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is currently 43.92%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reiterated a “buy” rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Finally, 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 research report on Wednesday, July 30th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $105.72.

About Johnson Controls International

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.