Abacus Wealth Partners LLC Invests $1.23 Million in Johnson Controls International plc $JCI

by · The Cerbat Gem

Abacus Wealth Partners LLC bought a new position in Johnson Controls International plc (NYSE:JCI – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund bought 10,300 shares of the company’s stock, valued at approximately $1,233,000.

Other hedge funds have also modified their holdings of the company. Regents Gate Capital LLP grew its stake in shares of Johnson Controls International by 17.4% in the third quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock worth $9,472,000 after purchasing an additional 12,774 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in shares of Johnson Controls International in the third quarter worth $583,000. Elo Mutual Pension Insurance Co grew its stake in shares of Johnson Controls International by 23.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock worth $8,249,000 after purchasing an additional 14,354 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Johnson Controls International by 6.7% in the fourth quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after purchasing an additional 142,429 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Johnson Controls International in the third quarter worth $3,828,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

NYSE:JCI opened at $143.01 on Friday. The company has a fifty day moving average of $137.41 and a 200-day moving average of $127.43. The firm has a market capitalization of $87.25 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a twelve month low of $96.01 and a twelve month high of $147.32.

Johnson Controls International (NYSE:JCI – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 4.87 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on 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 completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president directly owned 24,273 shares in the company, valued at $3,460,358.88. The trade was a 12.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on JCI. Mizuho boosted their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wolfe Research decreased their price objective on shares of Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $154.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Morgan Stanley increased their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. Finally, Robert W. Baird increased their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $147.63.

Read Our Latest Stock Analysis on JCI

Johnson Controls International Profile

(Free Report)

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.

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