Recently, several institutional investors and hedge funds adjusted their holdings in Johnson Controls International (JCI). Rise Advisors LLC invested about $25,000, while Continuum Advisory LLC increased its stake by 65.2%, bringing their total to 527 shares worth $35,000. Hexagon Capital Partners LLC also increased their holdings by 39.7%, owning 711 shares now valued at $47,000. Friedenthal Financial acquired new shares worth $47,000, and Centerpoint Advisors LLC boosted their stake by 126.8%, now holding 737 shares worth $48,000. Overall, institutional investors own 90.05% of JCI’s stock.
Insider Trading
COO Nathan D. Manning sold 3,000 shares on October 1 for $77.08 each, totaling $231,240. He now owns 140,488 shares valued at about $10.8 million. He also sold 1,167 shares on September 3 for $72.75 each, totaling $84,899.25. Insiders have sold 116,693 shares worth $8.5 million in the last quarter and own 0.69% of the company.
Analyst Ratings
Analysts have been optimistic about JCI. Oppenheimer raised its price target from $79 to $86, rating it as outperform. Other firms like Robert W. Baird, Barclays, and Goldman Sachs also raised their targets, with Bank of America increasing theirs from $80 to $95. Most analysts have a consensus rating of Hold.
Company Stock Overview
JCI stock opened at $76.59 and has a 52-week range of $47.90 to $78.23. The company has a market cap of $51.16 billion, a P/E ratio of 31.01, and a debt-to-equity ratio of 0.46. Recently, it reported earnings of $1.14 per share, exceeding expectations, with quarterly revenue of $7.23 billion.
Dividend Announcement
JCI declared a quarterly dividend of $0.37 per share, payable on October 18 to shareholders recorded on September 25. This results in an annual yield of 1.93%.
Company Profile
Johnson Controls International plc specializes in building products and systems across various global regions.
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