Truist Financial Corp Buys 13,560 Shares of Johnson Controls International plc (NYSE:JCI)

Posted by on Aug 8th, 2023

Truist Financial Corp grew its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,139 shares of the company’s stock after purchasing an additional 13,560 shares during the quarter. Truist Financial Corp’s holdings in Johnson Controls International were worth $18,315,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Profund Advisors LLC raised its holdings in Johnson Controls International by 21.4% in the 4th quarter. Profund Advisors LLC now owns 7,661 shares of the company’s stock worth $490,000 after purchasing an additional 1,348 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Johnson Controls International in the 4th quarter worth $345,000. HM Payson & Co. increased its stake in shares of Johnson Controls International by 8.5% in the 1st quarter. HM Payson & Co. now owns 3,868 shares of the company’s stock worth $233,000 after acquiring an additional 303 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Johnson Controls International by 468.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 32,370 shares of the company’s stock worth $1,949,000 after acquiring an additional 26,672 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Johnson Controls International by 17.8% in the 4th quarter. Russell Investments Group Ltd. now owns 304,896 shares of the company’s stock worth $19,548,000 after acquiring an additional 46,134 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $62.57 on Tuesday. The firm’s 50-day moving average price is $66.12 and its 200-day moving average price is $63.33. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The company has a market cap of $42.57 billion, a PE ratio of 20.93, a PEG ratio of 1.26 and a beta of 1.23. Johnson Controls International plc has a 52-week low of $48.82 and a 52-week high of $70.43.

Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.03. The firm had revenue of $7.13 billion for the quarter, compared to the consensus estimate of $7.20 billion. Johnson Controls International had a net margin of 7.74% and a return on equity of 13.69%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. As a group, analysts anticipate that Johnson Controls International plc will post 3.55 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Tuesday, June 20th were issued a $0.37 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, June 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. Johnson Controls International’s dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JCI. Oppenheimer decreased their price target on shares of Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $70.00 to $72.00 in a research note on Monday, May 8th. Royal Bank of Canada decreased their price target on shares of Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating for the company in a research note on Thursday, August 3rd. Barclays decreased their price target on shares of Johnson Controls International from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Johnson Controls International from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, April 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.33.

Read Our Latest Stock Report on JCI

About Johnson Controls International

(Free Report)

Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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