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

Harbour Investments Inc. reduced its position in Johnson Controls International plc (NYSE:JCI) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,078 shares of the company’s stock after selling 134 shares during the quarter. Harbour Investments Inc.’s holdings in Johnson Controls International were worth $325,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust lifted its holdings in shares of Johnson Controls International by 3.5% in the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock worth $329,000 after acquiring an additional 106 shares during the last quarter. Keudell Morrison Wealth Management increased its position in Johnson Controls International by 4.1% during the 2nd quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock valued at $285,000 after purchasing an additional 107 shares during the period. REAP Financial Group LLC grew its position in shares of Johnson Controls International by 18.1% in the 2nd quarter. REAP Financial Group LLC now owns 739 shares of the company’s stock worth $78,000 after buying an additional 113 shares during the period. TIAA Trust National Association grew its position in shares of Johnson Controls International by 1.0% in the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock worth $908,000 after buying an additional 115 shares during the period. Finally, Strategic Blueprint LLC grew its position in shares of Johnson Controls International by 4.3% in the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock worth $239,000 after buying an additional 123 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Shares of JCI stock opened at $110.55 on Tuesday. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63. The firm has a market capitalization of $72.34 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The stock’s 50-day simple moving average is $107.41 and its 200-day simple moving average is $100.64.

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 firm had revenue of $6.05 billion during 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. As a group, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is currently 47.48%.

Insider Buying and Selling at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the transaction, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Barclays increased their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Robert W. Baird increased their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Royal Bank Of Canada increased their price objective on shares of Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Finally, The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a report on Monday, September 15th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

Johnson Controls International Company Profile

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.