Goelzer Investment Management Inc. Decreases Position in Johnson Controls International plc $JCI

Key Points

• Goelzer Investment Management Inc. reduced its holdings in Johnson Controls International by 9.9%, owning 47,953 shares valued at approximately $5.07 million after selling 5,297 shares in the second quarter.
• The company recently announced a quarterly dividend increase to $0.40 per share, up from $0.37, with a dividend yield of 1.5%.
• Multiple brokerage firms have raised their price targets for Johnson Controls International, with Morgan Stanley increasing it to $125.00 and Wells Fargo to $130.00, reflecting positive sentiment toward the stock.

Goelzer Investment Management Inc. lessened its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,953 shares of the company's stock after selling 5,297 shares during the quarter. Goelzer Investment Management Inc.'s holdings in Johnson Controls International were worth $5,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in 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 valued at $25,000 after purchasing an additional 255 shares during the period. Accent Capital Management LLC purchased a new position in Johnson Controls International during the first quarter valued at $26,000. Cornerstone Planning Group LLC raised its stake in Johnson Controls International by 74.5% during the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after buying an additional 155 shares during the last quarter. Activest Wealth Management raised its stake in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company's stock valued at $30,000 after buying an additional 133 shares during the last quarter. Finally, Community Bank N.A. purchased a new position in Johnson Controls International during the first quarter valued at $32,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the company's 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 $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the company's 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 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. Insiders sold 10,183 shares of company stock worth $1,071,501 over the last quarter. 0.54% of the stock is owned by company insiders.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded up $0.20 during mid-day trading on Friday, reaching $108.68. The stock had a trading volume of 7,370,327 shares, compared to its average volume of 3,917,011. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a market cap of $71.12 billion, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $112.63. The business's 50 day moving average price is $106.88 and its 200 day moving average price is $96.45.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted 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. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its Board of Directors has initiated a share repurchase plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Johnson Controls International Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on JCI. Zacks Research upgraded Johnson Controls International to a "hold" rating in a research note on Monday, August 11th. Royal Bank Of Canada upped their price target on Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Citigroup raised their price target on shares of Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Wolfe Research lifted their price objective 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 research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $107.58.

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.