Summit Asset Management LLC Acquires 1,000 Shares of Johnson Controls International plc $JCI

Summit Asset Management LLC grew its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,800 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Summit Asset Management LLC’s holdings in Johnson Controls International were worth $2,197,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Johnson Controls International in the 4th quarter worth approximately $222,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Johnson Controls International by 121.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 15,787 shares of the company’s stock worth $1,265,000 after acquiring an additional 8,648 shares during the last quarter. Allworth Financial LP grew its position in Johnson Controls International by 6.6% in the first quarter. Allworth Financial LP now owns 6,303 shares of the company’s stock worth $507,000 after acquiring an additional 390 shares in the last quarter. Cerity Partners LLC increased its stake in Johnson Controls International by 69.8% in the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock valued at $9,057,000 after acquiring an additional 46,459 shares during the last quarter. Finally, Xponance Inc. raised its position in Johnson Controls International by 6.0% during the first quarter. Xponance Inc. now owns 108,001 shares of the company’s stock valued at $8,652,000 after purchasing an additional 6,098 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $122.33 on Friday. 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 plc has a one year low of $68.03 and a one year high of $123.37. The business’s 50 day simple moving average is $109.63 and its two-hundred day simple moving average is $104.39. The stock has a market capitalization of $80.05 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.36.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, November 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter last year, the business earned $1.28 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Johnson Controls International has set its FY 2026 guidance at 4.550-4.55 EPS. Q1 2026 guidance at 0.830-0.83 EPS. Analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were given a $0.40 dividend. The ex-dividend date was Monday, September 22nd. This is a positive change 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 1.3%. Johnson Controls International’s dividend payout ratio is presently 31.43%.

Insider Buying and Selling at Johnson Controls International

In other news, 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 of the company’s stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Lei Zhang Schlitz sold 10,500 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $122.03, for a total value of $1,281,315.00. Following the completion of the sale, the vice president directly owned 115,220 shares in the company, valued at $14,060,296.60. The trade was a 8.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 17,839 shares of company stock worth $2,056,315. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JCI. The Goldman Sachs Group upped their price objective on Johnson Controls International from $124.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup upped their target price on Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price target on shares of Johnson Controls International in a research report on Thursday, July 24th. Wolfe Research boosted their price objective on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, Robert W. Baird upped their price objective on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.72.

Johnson Controls International 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.