Johnson Controls International plc (NYSE:JCI) CEO Sells $8,038,392.05 in Stock

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

Johnson Controls International Price Performance

Shares of JCI traded up $0.36 during trading hours on Tuesday, reaching $72.87. 3,162,654 shares of the company’s stock traded hands, compared to its average volume of 5,198,553. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $75.36. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The stock has a market cap of $49.09 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. The firm’s 50 day simple moving average is $69.57 and its 200-day simple moving average is $67.47.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 net margin of 6.02% and a return on equity of 13.64%. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. Equities analysts expect that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Announces Dividend

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

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in Johnson Controls International during the first quarter valued at approximately $25,000. Continuum Advisory LLC grew its holdings in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after purchasing an additional 202 shares during the period. Friedenthal Financial bought a new stake in Johnson Controls International in the second quarter worth $47,000. Finally, Centerpoint Advisors LLC boosted its position in Johnson Controls International by 126.8% during the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after buying an additional 412 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JCI. Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer lifted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Bank of America raised Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $80.00 in a report on Tuesday, September 10th. Finally, Robert W. Baird boosted their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $70.21.

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.