In their most recent 13F filing with the Securities & Exchange Commission, Xponance Inc. revealed that they have raised their position in Johnson Controls International plc by 2.4% during the first quarter of this year. This move solidifies Xponance Inc.’s confidence in the company and showcases their increasing investment trust.
With this increase, Xponance Inc. now owns a total of 102,669 shares of Johnson Controls International’s stock, which were acquired by buying an additional 2,435 shares during the quarter. The value of these holdings amounted to an impressive $6,183,000 at the end of the quarter.
The news of Xponance Inc.’s increased position in Johnson Controls International comes on the heels of the business announcing a quarterly dividend payout. The dividend will be paid on July 14th to investors who are on record as of June 20th. This is great news for shareholders as this new dividend represents an increase from the previous quarterly dividend offered by Johnson Controls International.
The annualized basis for this new dividend amounts to $1.48 per share, providing investors with an attractive dividend yield of 2.22%. This reaffirms Johnson Controls International’s commitment to rewarding their shareholders and generating long-term value.
The ex-dividend date for this payment is June 16th, meaning that any transactions made after this date will not be eligible for the upcoming dividend payout from Johnson Controls International.
To add another layer of interest to these developments, it is worth mentioning that CFO Olivier Leonetti recently sold a significant amount of shares in Johnson Controls International on May 8th. In a transaction totaling $1,932,972.92 Leonetti sold 30,997 shares at an average price of $62.36.
Following this transaction, Leonetti now holds approximately 101,757 shares directly in the company’s stock which are valued at around $6,345,566.52. This sale was officially disclosed through a legal filing with the Securities & Exchange Commission.
As if that were not enough, VP John Donofrio also sold shares in Johnson Controls International on May 9th. The sale included 14,253 shares at an average price of $63.02 for a total transaction value of $898,224.06. Following the sale, Donofrio now holds 37,090 shares directly in the company’s stock which are valued at approximately $2,337,411.80.
It is worth noting that these transactions were also disclosed via a legal filing with the SEC and can be accessed through their website. It seems that insiders at Johnson Controls International are taking advantage of favorable stock prices to secure their positions.
Overall, Johnson Controls International’s recent developments have showcased its attractiveness as an investment opportunity. Xponance Inc.’s increased position demonstrates growing confidence in the company’s potential for future success. With increased dividend payouts and insider transactions revealing continued belief in the stock’s value, investors should take note of Johnson Controls International’s promising outlook moving forward.
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Johnson Controls International (JCI) Attracts Attention from Hedge Funds and Analysts, Positioned Well for the Future
Johnson Controls International (NYSE:JCI) has attracted attention from various hedge funds, with Raymond James Trust N.A., Synovus Financial Corp, Baird Financial Group Inc., Brown Brothers Harriman & Co., and Mackenzie Financial Corp all recently increasing their stake in the company. Institutional investors now own a staggering 88.49% of the stock.
In addition to hedge fund investments, JCI has also been the subject of research analyst reports. StockNews.com recently initiated coverage on JCI, giving it a “buy” rating. Wells Fargo & Company lowered their price target but still maintained an “overweight” rating for the company. Similarly, Barclays downgraded JCI from “overweight” to “equal weight”, while Deutsche Bank Aktiengesellschaft decreased their price target but retained a “buy” rating for the stock.
JPMorgan Chase & Co., on the other hand, increased their price target on JCI. Overall, there are three hold ratings and eight buy ratings for the company, resulting in a consensus rating of “Moderate Buy” and an average price target of $69.31.
Alongside these developments, Johnson Controls International recently declared a quarterly dividend that will be paid on July 14th. Investors who were recorded as shareholders by June 20th will receive a dividend increase of $0.37 per share, up from the previous $0.36 per share dividend. This represents an annualized dividend yield of 2.22%.
As for its financial performance, JCI reported earnings per share (EPS) of $0.75 for the last quarter, surpassing analysts’ estimates by $0.02 per share. The company also beat revenue expectations by generating $6.69 billion in revenue compared to the estimated $6.51 billion.
Johnson Controls International has a market capitalization of $45.83 billion and operates with a debt-to-equity ratio of 0.46. The company’s 50-day moving average is $62.30, while its 200-day moving average stands at $62.90.
Overall, JCI has shown promising growth and stability, with a net margin of 5.33% and a return on equity of 13.07%. With institutional investors buying up the majority of the stock and research analysts providing positive recommendations, it seems Johnson Controls International is positioned well for the future.
Disclaimer: The information in this article is for informational purposes only and should not be taken as financial advice. As always, conduct your own research before making any investment decisions.
