Abacus Planning Group Inc. Reduces Holdings in Johnson Controls International plc $JCI

Abacus Planning Group Inc. lowered its position in Johnson Controls International plc (NYSE:JCI) by 4.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,601 shares of the company’s stock after selling 113 shares during the quarter. Abacus Planning Group Inc.’s holdings in Johnson Controls International were worth $275,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JCI. Nuveen LLC purchased a new position in Johnson Controls International in the first quarter valued at about $219,110,000. AQR Capital Management LLC boosted its stake in shares of Johnson Controls International by 747.6% during the 1st quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after buying an additional 1,794,089 shares during the last quarter. Alkeon Capital Management LLC acquired a new stake in shares of Johnson Controls International during the first quarter worth approximately $112,154,000. Voya Investment Management LLC increased its stake in shares of Johnson Controls International by 637.1% in the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock worth $125,578,000 after buying an additional 1,354,912 shares during the last quarter. Finally, Amundi raised its holdings in Johnson Controls International by 22.2% in the first quarter. Amundi now owns 4,731,377 shares of the company’s stock valued at $366,412,000 after acquiring an additional 860,899 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JCI shares. Robert W. Baird raised their price objective on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Barclays lifted their price target 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. Oppenheimer cut Johnson Controls International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research report on Saturday, September 27th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $120.00 price target on shares of Johnson Controls International in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.28.

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the transaction, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,761 shares of company stock worth $922,447. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 0.0%

NYSE:JCI opened at $108.70 on Friday. The firm has a market capitalization of $71.13 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.63 and a beta of 1.33. The business has a 50 day simple moving average of $106.78 and a 200 day simple moving average of $98.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations 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. Equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Increases Dividend

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

Johnson Controls International announced that its board has authorized a stock repurchase program on Friday, June 13th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.