Marc Vandiepenbeeck Sells 186 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $13,531.50. Following the completion of the transaction, the chief financial officer now directly owns 83,888 shares in the company, valued at approximately $6,102,852. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Marc Vandiepenbeeck also recently made the following trade(s):

• On Monday, August 5th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $65.60, for a total transaction of $12,201.60.
• On Monday, July 22nd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $69.64, for a total transaction of $12,953.04.
• On Wednesday, July 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $66.15, for a total value of $12,303.90.

Johnson Controls International Stock Performance

NYSE:JCI opened at $69.36 on Friday. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $75.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market capitalization of $46.33 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.97 and a beta of 1.29. The business’s fifty day moving average price is $69.01 and its 200 day moving average price is $66.75.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.13%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JCI. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $61.00 to $69.00 in a report on Wednesday, August 14th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Robert W. Baird raised their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer upped 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 note on Thursday, June 27th. Finally, The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Johnson Controls International currently has an average rating of “Hold” and a consensus price target of $68.31.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JCI. Vanguard Group Inc. lifted its position in Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after acquiring an additional 10,522,009 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Johnson Controls International by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock worth $946,411,000 after purchasing an additional 305,798 shares in the last quarter. Capital World Investors lifted its holdings in shares of Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Johnson Controls International by 4.7% in the 4th quarter. Fisher Asset Management LLC now owns 13,514,262 shares of the company’s stock valued at $778,962,000 after purchasing an additional 604,142 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after purchasing an additional 6,247,250 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Johnson Controls International

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.