Insider Selling: Johnson Controls International plc (NYSE:JCI) Director Sells 15,669 Shares of Stock

Johnson Controls International plc (NYSE:JCI) Director George Oliver sold 15,669 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the transaction, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, March 12th, George Oliver sold 184,331 shares of Johnson Controls International stock. The stock was sold at an average price of $79.49, for a total value of $14,652,471.19.
• On Tuesday, February 25th, George Oliver sold 129,263 shares of Johnson Controls International stock. The shares were sold at an average price of $83.55, for a total transaction of $10,799,923.65.
• On Friday, February 14th, George Oliver sold 162,894 shares of Johnson Controls International stock. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32.
• On Monday, February 10th, George Oliver sold 205,168 shares of Johnson Controls International stock. The stock was sold at an average price of $89.07, for a total value of $18,274,313.76.
• On Friday, February 7th, George Oliver sold 205,168 shares of Johnson Controls International stock. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $2.32 during trading on Friday, hitting $79.78. The stock had a trading volume of 4,693,925 shares, compared to its average volume of 4,219,735. The firm has a market cap of $52.67 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The business’s 50-day moving average is $82.41 and its 200 day moving average is $79.61. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently made changes to their positions in the business. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new stake in Johnson Controls International in the fourth quarter valued at approximately $42,000. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. boosted its position in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Finally, Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

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.