Freedom Investment Management Inc. Sells 1,415 Shares of Johnson Controls International plc $JCI

Freedom Investment Management Inc. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 19.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,884 shares of the company’s stock after selling 1,415 shares during the quarter. Freedom Investment Management Inc.’s holdings in Johnson Controls International were worth $622,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Ethic Inc. grew its holdings in Johnson Controls International by 3.5% during the 2nd quarter. Ethic Inc. now owns 112,959 shares of the company’s stock valued at $11,869,000 after purchasing an additional 3,793 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in Johnson Controls International by 7.7% in the 2nd quarter. Rehmann Capital Advisory Group now owns 4,918 shares of the company’s stock worth $519,000 after acquiring an additional 351 shares in the last quarter. Parcion Private Wealth LLC grew its stake in Johnson Controls International by 8.2% in the 2nd quarter. Parcion Private Wealth LLC now owns 3,176 shares of the company’s stock worth $335,000 after acquiring an additional 241 shares in the last quarter. Brookstone Capital Management bought a new position in Johnson Controls International in the 2nd quarter worth about $657,000. Finally, Schulhoff & Co. Inc. bought a new position in Johnson Controls International in the 2nd quarter worth about $284,000. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred 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 directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,761 shares of company stock valued at $922,447 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $113.04 on Friday. The company has a 50 day moving average price of $107.85 and a 200-day moving average price of $101.54. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $113.38. The stock has a market capitalization of $73.97 billion, a PE ratio of 33.54, a PEG ratio of 1.69 and a beta of 1.33. 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 posted 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 net margin of 9.53% and a return on equity of 14.71%. The company 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. Equities 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 was paid on Friday, October 17th. Investors of record on Monday, September 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend 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 yield of 1.4%. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Analyst Ratings Changes

A number of equities analysts have commented on JCI shares. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft upped their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday. Robert W. Baird upped their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

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.