Johnson Controls International plc $JCI Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 21.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,195 shares of the company’s stock after selling 7,491 shares during the period. First Citizens Bank & Trust Co.’s holdings in Johnson Controls International were worth $2,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Grove Bank & Trust lifted its position in Johnson Controls International by 3.5% during the second quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock valued at $329,000 after buying an additional 106 shares in the last quarter. Keudell Morrison Wealth Management lifted its position in Johnson Controls International by 4.1% during the second quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock valued at $285,000 after buying an additional 107 shares in the last quarter. REAP Financial Group LLC lifted its position in Johnson Controls International by 18.1% during the second quarter. REAP Financial Group LLC now owns 739 shares of the company’s stock valued at $78,000 after buying an additional 113 shares in the last quarter. TIAA Trust National Association lifted its position in Johnson Controls International by 1.0% during the first quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after buying an additional 115 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its position in shares of Johnson Controls International by 4.3% during the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock worth $239,000 after purchasing an additional 123 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

JCI opened at $110.63 on Friday. The company has a 50-day moving average of $107.66 and a 200-day moving average of $101.04. The company has a market capitalization of $72.40 billion, a P/E ratio of 32.83, a PEG ratio of 1.63 and a beta of 1.33. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last released its 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 company 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. Equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s payout ratio is presently 47.48%.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of the business’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 sale, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $922,447 in the last three months. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Wolfe Research lifted 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.41.

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.