Insider Selling: Johnson Controls International plc (NYSE:JCI) COO Sells $77,033.67 in Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the sale, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $66.86 on Friday. The stock has a fifty day moving average price of $68.33 and a two-hundred day moving average price of $62.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The firm has a market cap of $45.04 billion, a P/E ratio of 27.07, a PEG ratio of 1.74 and a beta of 1.28. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $74.23.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share 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 analyst estimates of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Research analysts forecast that Johnson Controls International plc will post 3.59 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, July 19th. Stockholders of record on Monday, June 24th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Johnson Controls International

Several large investors have recently modified their holdings of JCI. Gotham Asset Management LLC boosted its stake in shares of Johnson Controls International by 435.5% during the 3rd quarter. Gotham Asset Management LLC now owns 52,669 shares of the company’s stock worth $2,803,000 after acquiring an additional 42,834 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Johnson Controls International by 3.5% in the third quarter. Lazard Asset Management LLC now owns 397,403 shares of the company’s stock worth $21,145,000 after buying an additional 13,537 shares during the period. Truist Financial Corp boosted its position in shares of Johnson Controls International by 6.9% in the third quarter. Truist Financial Corp now owns 307,817 shares of the company’s stock worth $16,379,000 after buying an additional 19,804 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Johnson Controls International by 57.6% in the third quarter. Glenmede Trust Co. NA now owns 40,866 shares of the company’s stock worth $2,174,000 after buying an additional 14,943 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Johnson Controls International by 26.3% in the third quarter. Advisors Asset Management Inc. now owns 22,523 shares of the company’s stock worth $1,198,000 after buying an additional 4,692 shares during the period. 90.05% of the stock is owned by 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.