Meridian Wealth Management LLC Makes New Investment in Johnson Controls International plc $JCI

Meridian Wealth Management LLC bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,279 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC purchased a new position in Johnson Controls International in the fourth quarter valued at about $222,000. Kingsview Wealth Management LLC lifted its position in Johnson Controls International by 3.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 5,958 shares of the company’s stock worth $477,000 after acquiring an additional 174 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Johnson Controls International by 1.9% during the 1st quarter. Private Advisor Group LLC now owns 25,598 shares of the company’s stock worth $2,051,000 after purchasing an additional 470 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Johnson Controls International by 128.7% in the first quarter. IFP Advisors Inc now owns 12,670 shares of the company’s stock valued at $1,018,000 after acquiring an additional 7,130 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in Johnson Controls International by 278.2% in the 1st quarter. J.W. Cole Advisors Inc. now owns 13,386 shares of the company’s stock valued at $1,072,000 after purchasing an additional 9,847 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Lei Zhang Schlitz sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $122.03, for a total transaction of $1,281,315.00. Following the transaction, the vice president directly owned 115,220 shares in the company, valued at approximately $14,060,296.60. This represents a 8.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 17,839 shares of company stock valued at $2,056,315. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on JCI shares. Argus reaffirmed a “buy” rating and set a $145.00 price objective on shares of Johnson Controls International in a research report on Friday, November 7th. Wells Fargo & Company boosted their price target on Johnson Controls International from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Citigroup raised their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Johnson Controls International Stock Down 1.7%

Shares of JCI opened at $114.36 on Wednesday. The company has a market capitalization of $74.84 billion, a P/E ratio of 33.94, a PEG ratio of 1.70 and a beta of 1.36. Johnson Controls International plc has a one year low of $68.03 and a one year high of $123.78. The business’s 50 day simple moving average is $111.46 and its 200-day simple moving average is $106.34. 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 released its quarterly earnings results on Wednesday, November 5th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the firm posted $1.28 EPS. 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. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business 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. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, September 22nd. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is 31.43%.

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.