Johnson Controls International plc $JCI Shares Sold by Riverview Trust Co

Riverview Trust Co lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 72.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 413 shares of the company’s stock after selling 1,109 shares during the period. Riverview Trust Co’s holdings in Johnson Controls International were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Johnson Controls International in the 1st quarter worth approximately $219,110,000. AQR Capital Management LLC raised its position in Johnson Controls International by 747.6% in the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after purchasing an additional 1,794,089 shares during the period. Alkeon Capital Management LLC acquired a new position in Johnson Controls International during the first quarter worth $112,154,000. Voya Investment Management LLC boosted its position in shares of Johnson Controls International by 637.1% during the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock worth $125,578,000 after buying an additional 1,354,912 shares during the period. Finally, Amundi grew its stake in shares of Johnson Controls International by 22.2% in the first 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 in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $149,395.32. Following the completion of the transaction, the vice president owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,761 shares of company stock worth $922,447 over the last quarter. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $108.92 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $106.87 and a 200-day simple moving average of $97.93. The stock has a market cap of $71.28 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

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

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Analyst Ratings Changes

JCI has been the topic of several research reports. Barclays increased their target price on Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Jefferies Financial Group reissued a “hold” rating and issued a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Citigroup upped their target price on shares of Johnson Controls International from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Robert W. Baird increased their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Wolfe Research boosted their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $108.28.

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.