George Oliver Sells 110,616 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the sale, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This trade represents a 8.16 % 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 link.

George Oliver also recently made the following trade(s):

• On Tuesday, October 15th, George Oliver sold 110,615 shares of Johnson Controls International stock. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85.
• On Monday, September 16th, George Oliver sold 110,615 shares of Johnson Controls International stock. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $82.98 on Thursday. Johnson Controls International plc has a one year low of $51.70 and a one year high of $87.16. The business has a fifty day moving average price of $77.65 and a 200-day moving average price of $72.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The firm has a market capitalization of $55.43 billion, a P/E ratio of 32.67, a PEG ratio of 2.36 and a beta of 1.29.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 58.27%.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its stake in Johnson Controls International by 470.9% during the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after buying an additional 130,308 shares during the period. Epoch Investment Partners Inc. raised its position in Johnson Controls International by 0.9% during the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after purchasing an additional 10,146 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Johnson Controls International during the third quarter valued at about $7,692,000. Orion Portfolio Solutions LLC raised its position in Johnson Controls International by 15.8% during the first quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock valued at $1,776,000 after purchasing an additional 3,717 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Johnson Controls International by 29.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 39,436 shares of the company’s stock valued at $2,576,000 after purchasing an additional 8,897 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. Robert W. Baird increased 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. Morgan Stanley started coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group increased their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.21.

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.