Abacus Planning Group Inc. Invests $204,000 in Johnson Controls International plc (NYSE:JCI)

Abacus Planning Group Inc. purchased a new position in Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,579 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after purchasing an additional 509,293 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth $32,609,000. Worldquant Millennium Advisors LLC bought a new position in shares of Johnson Controls International in the 3rd quarter worth $25,065,000. Finally, State Street Corp boosted its position in shares of Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after purchasing an additional 300,712 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $89.28, for a total value of $14,543,176.32. Following the sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 889,434 shares of company stock valued at $77,215,058. 0.54% of the stock is owned by insiders.

Johnson Controls International Stock Performance

JCI opened at $90.36 on Thursday. The business’s 50-day moving average price is $81.90 and its two-hundred day moving average price is $78.18. Johnson Controls International plc has a 1 year low of $56.28 and a 1 year high of $91.14. The company has a market capitalization of $59.65 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 2.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Analyst Ratings Changes

Several research analysts have recently issued reports on JCI shares. Barclays raised their price target on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird raised their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Melius Research reaffirmed a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.13.

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.