Aberdeen Group plc Trims Stock Holdings in Johnson Controls International plc $JCI

Key Points

• Aberdeen Group reduced its Johnson Controls holdings by 3.4% in the second quarter, selling 33,718 shares and retaining 970,980 shares valued at approximately $141.9 million. Institutional investors collectively own 90.05% of JCI.
• Johnson Controls reported quarterly adjusted earnings of $1.42 per share, exceeding the $1.30 consensus estimate, while revenue rose 9.3% year over year to $6.61 billion. The company also maintains a quarterly dividend of $0.40, or a 1.0% annualized yield.
• Analyst sentiment is mixed but generally positive, with 12 Buy, 10 Hold and 1 Sell ratings; the average rating is Hold with a $155.50 price target. JCI recently opened at $153.73, near its 52-week high of $157.06.

Aberdeen Group plc lowered its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 970,980 shares of the company's stock after selling 33,718 shares during the period. Aberdeen Group plc owned approximately 0.16% of Johnson Controls International worth $141,870,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JCI. Brighton Jones LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $222,000. Acadian Asset Management LLC purchased a new stake in Johnson Controls International during the 1st quarter worth about $55,000. Sivia Capital Partners LLC boosted its stake in Johnson Controls International by 83.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company's stock worth $745,000 after purchasing an additional 3,203 shares during the period. Jump Financial LLC boosted its stake in Johnson Controls International by 3.5% in the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company's stock worth $1,328,000 after purchasing an additional 425 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Johnson Controls International by 120.7% during the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company's stock valued at $1,305,000 after buying an additional 6,760 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JCI has been the topic of several analyst reports. Wolfe Research reiterated an "outperform" rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. UBS Group reaffirmed a "buy" rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Argus set a $175.00 target price on shares of Johnson Controls International in a report on Friday, August 7th. Mizuho increased their target price 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $155.50.

Johnson Controls International Price Performance

JCI stock opened at $153.73 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. Johnson Controls International plc has a one year low of $103.07 and a one year high of $157.06. The stock has a market cap of $93.12 billion, a PE ratio of 26.74, a P/E/G ratio of 1.48 and a beta of 1.31. The firm has a 50 day simple moving average of $144.91 and a two-hundred day simple moving average of $139.75.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts predict that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.0%. Johnson Controls International's dividend payout ratio is currently 27.83%.

Johnson Controls International Profile

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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