Concurrent Investment Advisors LLC Acquires 1,898 Shares of Johnson Controls International plc $JCI

Concurrent Investment Advisors LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 27.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,868 shares of the company’s stock after purchasing an additional 1,898 shares during the period. Concurrent Investment Advisors LLC’s holdings in Johnson Controls International were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JCI. Cerity Partners LLC lifted its stake in shares of Johnson Controls International by 69.8% in the 1st quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock valued at $9,057,000 after acquiring an additional 46,459 shares during the last quarter. G&S Capital LLC increased its stake in Johnson Controls International by 81.4% in the 1st quarter. G&S Capital LLC now owns 30,342 shares of the company’s stock worth $2,431,000 after purchasing an additional 13,612 shares during the period. GAMMA Investing LLC lifted its position in Johnson Controls International by 27.8% in the first quarter. GAMMA Investing LLC now owns 14,720 shares of the company’s stock valued at $1,179,000 after purchasing an additional 3,201 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Johnson Controls International by 2,213.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 709,431 shares of the company’s stock valued at $57,748,000 after purchasing an additional 678,766 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Johnson Controls International by 22.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,987 shares of the company’s stock worth $480,000 after purchasing an additional 1,096 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on JCI. 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 report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Barclays raised their target price on Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Robert W. Baird boosted their price target on Johnson Controls International from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s 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 completion of the transaction, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by company insiders.

Johnson Controls International Stock Down 1.4%

JCI stock opened at $109.26 on Friday. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $112.63. The company has a market capitalization 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 business’s 50 day moving average price is $107.24 and its two-hundred day moving average price is $99.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates 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. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s payout ratio 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.