Harbour Investments Inc. Lowers Stock Holdings in Johnson Controls International plc $JCI

Harbour Investments Inc. reduced its stake in Johnson Controls International plc (NYSE:JCI) by 4.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,078 shares of the company’s stock after selling 134 shares during the period. Harbour Investments Inc.’s holdings in Johnson Controls International were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of JCI. Truvestments Capital LLC raised its holdings in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International in the first quarter worth $26,000. Cornerstone Planning Group LLC increased its stake in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management increased its stake in Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 133 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Johnson Controls International in the second quarter valued at $35,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Up 1.6%

NYSE:JCI opened at $110.55 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $107.41 and its two-hundred day moving average is $100.64. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $112.63. The company has a market cap of $72.34 billion, a PE ratio of 32.80, a P/E/G ratio of 1.63 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. On average, analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, September 22nd. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s payout ratio is currently 47.48%.

Analysts Set New Price Targets

Several brokerages have commented on JCI. Zacks Research upgraded Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. The Goldman Sachs Group raised their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Barclays raised their price objective on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Morgan Stanley raised their price objective on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Wolfe Research raised their price objective on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.41.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 approximately $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,761 shares of company stock worth $922,447 over the last quarter. Insiders own 0.54% of the company’s stock.

About Johnson Controls International

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.