Harbour Wealth Management Group Inc. Makes New $542,000 Investment in Johnson Controls International plc $JCI

Harbour Wealth Management Group Inc. purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,525 shares of the company’s stock, valued at approximately $542,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Axxcess Wealth Management LLC raised its stake in Johnson Controls International by 20.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 17,827 shares of the company’s stock valued at $2,135,000 after purchasing an additional 3,044 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Johnson Controls International in the 4th quarter worth approximately $25,722,000. CrossGen Wealth LLC purchased a new position in Johnson Controls International in the 4th quarter worth approximately $1,824,000. Strive Financial Group LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth $60,000. Finally, Blue Sparrow LLC DE bought a new position in shares of Johnson Controls International in the 4th quarter worth $8,382,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JCI. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Wolfe Research restated an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Sanford C. Bernstein assumed coverage on Johnson Controls International in a research note on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price target for the company. BNP Paribas Exane began coverage on Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price target for the company. Finally, Robert W. Baird increased their price objective on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

Insider Activity

In other news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

JCI stock opened at $145.07 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a 52 week low of $100.86 and a 52 week high of $149.38. The firm’s fifty day moving average is $141.36 and its 200 day moving average is $131.67. The firm has a market cap of $88.51 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.54 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Research analysts predict that Johnson Controls International plc will post 4.89 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.