Insider Selling: Johnson Controls International plc (NYSE:JCI) COO Sells $231,240.00 in Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Johnson Controls International Price Performance

JCI stock opened at $75.68 on Friday. The firm has a 50 day moving average of $71.35 and a 200-day moving average of $68.74. The firm has a market capitalization of $50.55 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $78.23. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s payout ratio is 59.92%.

Analyst Upgrades and Downgrades

JCI has been the subject of several research analyst reports. Barclays raised their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Oppenheimer boosted their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America raised their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company upped their price objective 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. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.21.

Institutional Trading of Johnson Controls International

Several institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC purchased a new position in shares of Johnson Controls International during the first quarter worth about $25,000. Continuum Advisory LLC lifted its position in Johnson Controls International by 65.2% during the second 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. Friedenthal Financial bought a new stake in Johnson Controls International during the second quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its stake 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 buying an additional 202 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Johnson Controls International in the 2nd quarter worth $48,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.