Topsail Wealth Management LLC Acquires New Position in Johnson Controls International plc $JCI

Topsail Wealth Management LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,186 shares of the company’s stock, valued at approximately $231,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Johnson Controls International by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock valued at $5,483,104,000 after acquiring an additional 288,576 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Johnson Controls International by 2.5% in the 1st quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock valued at $591,078,000 after buying an additional 178,169 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Johnson Controls International by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company’s stock valued at $509,024,000 after buying an additional 185,476 shares during the period. Amundi grew its stake in shares of Johnson Controls International by 22.2% in the 1st quarter. Amundi now owns 4,731,377 shares of the company’s stock valued at $366,412,000 after buying an additional 860,899 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Johnson Controls International by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock valued at $254,631,000 after buying an additional 198,817 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday. Citigroup increased their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Zacks Research raised shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Finally, Morgan Stanley increased their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.41.

Insider Buying and Selling

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 $2,643,778.65. This represents a 19.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $149,395.32. Following the sale, the vice president owned 139,459 shares in the company, valued at approximately $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 quarter, insiders have sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is owned by company insiders.

Johnson Controls International Stock Performance

NYSE:JCI opened at $113.04 on Friday. 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 has a market capitalization of $73.97 billion, a P/E ratio of 33.54, a PEG ratio of 1.69 and a beta of 1.33. The company has a 50 day moving average price of $107.85 and a 200 day moving average price of $101.54. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $113.38.

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

Johnson Controls International Increases Dividend

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

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.