Iowa State Bank Purchases 552 Shares of Johnson Controls International plc $JCI

Iowa State Bank boosted its position in Johnson Controls International plc (NYSE:JCI) by 2.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,609 shares of the company’s stock after purchasing an additional 552 shares during the period. Iowa State Bank’s holdings in Johnson Controls International were worth $2,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JCI. Brighton Jones LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $222,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Johnson Controls International by 15.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company’s stock valued at $530,000 after acquiring an additional 882 shares during the period. Procyon Advisors LLC grew its position in shares of Johnson Controls International by 16.9% during the 1st quarter. Procyon Advisors LLC now owns 4,019 shares of the company’s stock valued at $322,000 after acquiring an additional 580 shares during the period. SeaCrest Wealth Management LLC grew its position in shares of Johnson Controls International by 2.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company’s stock valued at $405,000 after acquiring an additional 135 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Johnson Controls International during the 1st quarter valued at approximately $308,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

NYSE JCI opened at $108.70 on Monday. 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 current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $71.13 billion, a PE ratio of 32.25, a P/E/G ratio of 1.63 and a beta of 1.33. The company’s 50 day simple moving average is $106.78 and its two-hundred day simple moving average is $98.52.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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. Analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

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 paid a $0.40 dividend. The ex-dividend date is Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.5%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Johnson Controls International announced that its board has authorized a stock buyback plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

JCI has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Barclays raised their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Robert W. Baird raised their price objective 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. Jefferies Financial Group reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Finally, Oppenheimer downgraded shares of Johnson Controls International from an “outperform” rating to a “market perform” rating in a report on Friday, June 20th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and a consensus price target of $109.00.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, 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 sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $2,643,778.65. This trade 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 worth $922,447 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.