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

Abacus Planning Group Inc. purchased a new position in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,579 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC increased its stake in shares of Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth about $243,000. Y Intercept Hong Kong Ltd increased its stake in shares of Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC increased its stake in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the period. Finally, BNC Wealth Management LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth about $2,093,000. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Morgan Stanley boosted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Trading Down 0.3 %

Shares of JCI opened at $90.36 on Thursday. The stock has a market cap of $59.65 billion, a PE ratio of 34.49, a PEG ratio of 2.00 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $56.28 and a 1 year high of $91.14. The stock has a 50 day simple moving average of $81.90 and a 200-day simple moving average of $78.18. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Insider Buying and Selling

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

Johnson Controls International 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.