Avantra Family Wealth Inc. Sells 1,797 Shares of Johnson Controls International plc $JCI

Avantra Family Wealth Inc. cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 28.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the company’s stock after selling 1,797 shares during the period. Avantra Family Wealth Inc.’s holdings in Johnson Controls International were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC raised its position 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 worth $25,000 after acquiring an additional 255 shares in the last quarter. Accent Capital Management LLC bought a new position in shares of Johnson Controls International in the 1st quarter worth $26,000. Hilltop National Bank bought a new position in shares of Johnson Controls International in the 2nd quarter worth $35,000. Cornerstone Planning Group LLC raised its position 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 worth $28,000 after acquiring an additional 155 shares in the last quarter. Finally, Activest Wealth Management raised its position 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 worth $30,000 after acquiring an additional 133 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,761 shares of company stock worth $922,447 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Up 0.7%

Shares of JCI stock opened at $109.56 on Tuesday. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63. The stock’s fifty day moving average price is $106.74 and its 200 day moving average price is $98.71. 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 company has a market cap of $71.69 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. On average, research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International announced that its Board of Directors has approved a share repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be issued a $0.40 dividend. This is a boost 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%. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Zacks Research raised Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Oppenheimer lowered Johnson Controls International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 20th. Royal Bank Of Canada boosted their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group restated a “hold” rating and set a $120.00 target price on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.00.

About Johnson Controls International

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.