Insider Selling: Johnson Controls International plc (NYSE:JCI) COO Sells 1,167 Shares of Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the sale, the chief operating officer now directly owns 104,556 shares in the company, valued at approximately $6,901,741.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Johnson Controls International Stock Up 1.2 %

Johnson Controls International stock traded up $0.80 during trading hours on Tuesday, hitting $66.32. The stock had a trading volume of 3,126,048 shares, compared to its average volume of 5,504,591. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $44.68 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $74.23. The stock’s 50-day moving average price is $68.26 and its 200-day moving average price is $62.35.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. Equities research analysts anticipate that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.23%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JCI shares. Barclays raised their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, June 21st. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup raised their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Oppenheimer raised their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.82.

Institutional Trading of Johnson Controls International

A number of large investors have recently made changes to their positions in JCI. RPG Investment Advisory LLC grew its position in Johnson Controls International by 19.3% during the fourth quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock valued at $11,330,000 after buying an additional 31,759 shares during the period. United Services Automobile Association grew its position in Johnson Controls International by 7.9% during the fourth quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock valued at $1,174,000 after buying an additional 1,490 shares during the period. ANTIPODES PARTNERS Ltd grew its position in Johnson Controls International by 89.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock valued at $14,632,000 after buying an additional 119,844 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Johnson Controls International by 27.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock valued at $4,602,000 after buying an additional 17,263 shares during the period. Finally, RWA Wealth Partners LLC bought a new stake in Johnson Controls International during the fourth quarter valued at approximately $14,231,000. 90.05% of the stock is currently owned by institutional investors.

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.