Easterly Investment Partners LLC Raises Stake in Johnson Controls International plc $JCI

Key Points

• Easterly Investment Partners LLC increased its stake in Johnson Controls International plc by 3.8%, owning 97,109 shares valued at approximately $10.26 million after additional purchases in the second quarter.
• Analysts have recently increased their price targets for Johnson Controls International, with estimates ranging from $120.00 to $133.00, reflecting a consensus rating of "Moderate Buy."
• The company announced an increase in its quarterly dividend to $0.40 per share, up from $0.37, reflecting a yield of 1.5%, and will be paid on October 17th.

Easterly Investment Partners LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,109 shares of the company's stock after purchasing an additional 3,595 shares during the quarter. Easterly Investment Partners LLC's holdings in Johnson Controls International were worth $10,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC lifted its stake in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC acquired a new stake in Johnson Controls International in the first quarter valued at about $26,000. Hilltop National Bank acquired a new stake in Johnson Controls International in the second quarter valued at about $35,000. Cornerstone Planning Group LLC boosted its holdings in Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Finally, Activest Wealth Management increased its position in Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JCI has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Johnson Controls International from $105.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday. Morgan Stanley raised their target price on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Jefferies Financial Group reaffirmed a "hold" rating and set a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Zacks Research raised shares of Johnson Controls International to a "hold" rating in a report on Monday, August 11th. Finally, Wolfe Research upped their price target on Johnson Controls International from $132.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $113.00.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares of the company's stock, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $922,447 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Down 1.4%

Shares of JCI opened at $109.26 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $112.63. The stock has a market cap of $71.50 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The firm has a 50 day simple moving average of $107.24 and a 200-day simple moving average of $99.90.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations 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. Equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a boost from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio (DPR) is 47.48%.

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.

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