Meyer Handelman Co. Reduces Stock Holdings in Johnson Controls International plc $JCI

Meyer Handelman Co. cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 5.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 79,238 shares of the company’s stock after selling 4,996 shares during the quarter. Meyer Handelman Co.’s holdings in Johnson Controls International were worth $9,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JCI. Viking Global Investors LP grew its stake in shares of Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after buying an additional 5,346,130 shares during the period. Ameriprise Financial Inc. raised its position in shares of Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after buying an additional 2,675,157 shares during the period. Nordea Investment Management AB lifted its holdings in Johnson Controls International by 1,545.8% in the third quarter. Nordea Investment Management AB now owns 2,134,324 shares of the company’s stock valued at $232,705,000 after acquiring an additional 2,004,643 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Johnson Controls International by 179.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,686,361 shares of the company’s stock valued at $178,113,000 after acquiring an additional 1,083,911 shares during the last quarter. Finally, Munro Partners purchased a new position in Johnson Controls International in the second quarter worth approximately $83,237,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Wells Fargo & Company raised their price objective on Johnson Controls International from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Wolfe Research boosted their price objective on shares of Johnson Controls International from $149.00 to $161.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Citigroup upped their target price on shares of Johnson Controls International from $129.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Thursday, January 22nd. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.53.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the completion of the transaction, the vice president owned 24,273 shares of the company’s stock, valued at $3,460,358.88. This trade represents a 12.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Todd M. Grabowski sold 6,050 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $134.90, for a total transaction of $816,145.00. Following the completion of the transaction, the vice president owned 34,836 shares of the company’s stock, valued at approximately $4,699,376.40. This trade represents a 14.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Up 3.4%

Shares of NYSE JCI opened at $130.95 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $80.15 billion, a PE ratio of 24.66, a PEG ratio of 1.43 and a beta of 1.38. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $146.49. The stock has a fifty day simple moving average of $132.94 and a 200-day simple moving average of $120.63.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Johnson Controls International had a return on equity of 17.15% and a net margin of 14.17%.Johnson Controls International’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. Johnson Controls International has set its FY 2026 guidance at 4.700-4.700 EPS and its Q2 2026 guidance at 1.110-1.110 EPS. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Monday, March 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is presently 30.13%.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.