Ramirez Asset Management Inc. Cuts Stock Position in Johnson Controls International plc $JCI

Ramirez Asset Management Inc. lessened its stake in Johnson Controls International plc (NYSE:JCI) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,800 shares of the company’s stock after selling 300 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Johnson Controls International were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Cerity Partners LLC grew its holdings in shares of Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock worth $9,057,000 after buying an additional 46,459 shares in the last quarter. G&S Capital LLC grew its holdings in shares of Johnson Controls International by 81.4% during the first quarter. G&S Capital LLC now owns 30,342 shares of the company’s stock worth $2,431,000 after buying an additional 13,612 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Johnson Controls International by 27.8% during the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock worth $1,179,000 after buying an additional 3,201 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Johnson Controls International by 2,213.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company’s stock worth $57,748,000 after buying an additional 678,766 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Johnson Controls International by 22.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company’s stock worth $480,000 after buying an additional 1,096 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 target price on shares of Johnson Controls International in a report on Thursday, July 24th. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $109.39.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated 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 directly owned 139,459 shares in the company, valued at $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 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Down 0.7%

Shares of JCI opened at $107.72 on Friday. The firm has a 50-day moving average price of $106.98 and a 200 day moving average price of $99.00. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63. 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 firm has a market capitalization of $70.49 billion, a P/E ratio of 31.96, a P/E/G ratio of 1.63 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 EPS 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 company 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. Sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be given a $0.40 dividend. 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Johnson Controls International declared that its board has approved a share buyback plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.