Johnson Controls International plc (NYSE:JCI) CEO George Oliver Sells 170,430 Shares

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 170,430 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $83.70, for a total transaction of $14,264,991.00. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $97,677,230.40. This trade represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, November 25th, George Oliver sold 10,304 shares of Johnson Controls International stock. The stock was sold at an average price of $84.14, for a total value of $866,978.56.
• On Wednesday, November 20th, George Oliver sold 224,152 shares of Johnson Controls International stock. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44.
• On Friday, November 15th, George Oliver sold 110,616 shares of Johnson Controls International stock. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60.
• 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 transaction of $8,494,125.85.
• On Monday, September 16th, George Oliver sold 110,615 shares of Johnson Controls International stock. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $83.71 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market cap of $55.43 billion, a PE ratio of 32.96, a P/E/G ratio of 2.33 and a beta of 1.29. The business has a 50-day simple moving average of $78.78 and a two-hundred day simple moving average of $72.82. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Metis Global Partners LLC raised its stake in shares of Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after purchasing an additional 127 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Johnson Controls International by 3.5% in the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock worth $334,000 after purchasing an additional 144 shares during the last quarter. Summit Trail Advisors LLC raised its stake in shares of Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares during the last quarter. Finally, Berry Wealth Group LP raised its stake in shares of Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after purchasing an additional 177 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho lifted their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada upped their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Barclays raised their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. UBS Group started coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective on the stock. Finally, Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $77.21.

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.