Insider Selling: Johnson Controls International plc (NYSE:JCI) CEO Sells 110,615 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Johnson Controls International Trading Up 0.5 %

Shares of NYSE:JCI opened at $72.87 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a market capitalization of $49.09 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.87 and a beta of 1.29. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $75.36. The company has a 50 day moving average price of $69.68 and a 200 day moving average price of $67.56.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 2.03%. Johnson Controls International’s payout ratio is presently 59.92%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on JCI shares. The Goldman Sachs Group raised their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Robert W. Baird raised their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their target price on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Oppenheimer lifted their target price on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $70.21.

Institutional Trading of Johnson Controls International

A number of hedge funds have recently bought and sold shares of the company. Gilbert & Cook Inc. raised its holdings in shares of Johnson Controls International by 4.9% during the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock valued at $410,000 after acquiring an additional 334 shares during the period. Level Four Advisory Services LLC grew its position in Johnson Controls International by 52.6% during the 4th quarter. Level Four Advisory Services LLC now owns 15,593 shares of the company’s stock worth $899,000 after purchasing an additional 5,374 shares in the last quarter. Norges Bank acquired a new stake in Johnson Controls International during the 4th quarter valued at $316,400,000. UBS Group AG lifted its holdings in shares of Johnson Controls International by 24.7% in the fourth quarter. UBS Group AG now owns 2,165,568 shares of the company’s stock valued at $124,823,000 after purchasing an additional 429,025 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Johnson Controls International by 121.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,494,653 shares of the company’s stock worth $201,432,000 after buying an additional 1,915,699 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.