Johnson Controls International plc $JCI Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its holdings in Johnson Controls International by 50.2% during Q1, now owning approximately $66.65 million worth of shares.
• After recent trading, Johnson Controls International's stock is down 1.4%, with a current market capitalization of $67.75 billion.
• The company recently declared a quarterly dividend of $0.37 per share, representing an annual yield of 1.4% and a payout ratio of 43.92%.

Aberdeen Group plc cut its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 50.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 841,934 shares of the company's stock after selling 850,374 shares during the quarter. Aberdeen Group plc owned 0.13% of Johnson Controls International worth $66,647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JCI. Accent Capital Management LLC purchased a new position in Johnson Controls International during the first quarter valued at $26,000. Cornerstone Planning Group LLC raised its position in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Community Bank N.A. acquired a new position in shares of Johnson Controls International during the 1st quarter worth about $32,000. Rossby Financial LCC purchased a new position in Johnson Controls International in the 1st quarter valued at about $42,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in Johnson Controls International in the 1st quarter worth about $43,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president owned 42,574 shares in the company, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the completion of the sale, the vice president owned 140,881 shares of the company's stock, valued at approximately $14,607,950.89. This trade represents a 1.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,266 shares of company stock worth $1,986,931. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Down 1.2%

JCI stock traded down $1.29 during mid-day trading on Thursday, hitting $104.71. 857,138 shares of the company were exchanged, compared to its average volume of 4,747,125. The business has a fifty day simple moving average of $105.72 and a 200-day simple moving average of $93.14. Johnson Controls International plc has a 12-month low of $67.68 and a 12-month high of $112.63. The firm has a market capitalization of $68.52 billion, a P/E ratio of 31.10, a PEG ratio of 1.86 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The firm had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. On average, equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International announced that its Board of Directors has authorized a stock buyback plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio (DPR) is currently 43.92%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JCI shares. Royal Bank Of Canada increased their target price on Johnson Controls International from $112.00 to $114.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and increased their price objective for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Robert W. Baird raised their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Oppenheimer downgraded shares of Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $105.17.

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.