Ignite Planners LLC Takes $219,000 Position in Johnson Controls International plc $JCI

Ignite Planners LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,010 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC lifted its holdings in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after buying an additional 255 shares during the period. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter valued at about $26,000. Hilltop National Bank acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at about $35,000. Cornerstone Planning Group LLC lifted its holdings in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after buying an additional 155 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of 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 stock in a transaction that occurred on 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 represents a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,761 shares of company stock valued at $922,447. Insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $107.72 on Friday. The business has a 50 day simple moving average of $106.98 and a two-hundred day simple moving average of $99.00. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63. The stock has a market capitalization of $70.49 billion, a P/E ratio of 31.96, a PEG ratio of 1.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81.

Johnson Controls International (NYSE:JCI) last announced 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 return on equity of 14.71% and a net margin of 9.53%.The business had revenue of $6.05 billion during 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. As a group, analysts predict 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 stock repurchase plan on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.40 per share. 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 dividend yield of 1.5%. Johnson Controls International’s payout ratio is currently 47.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wolfe Research upped their price target on Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Robert W. Baird upped their price target on Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Oppenheimer cut Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Morgan Stanley upped their price target on Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $120.00 price target on shares of Johnson Controls International in a report on Thursday, July 24th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $109.39.

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.