Insider Selling: Johnson Controls International plc (NYSE:JCI) CFO Sells 186 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $76.30, for a total transaction of $14,191.80. Following the completion of the transaction, the chief financial officer now directly owns 83,516 shares of the company’s stock, valued at approximately $6,372,270.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Marc Vandiepenbeeck also recently made the following trade(s):

• On Friday, September 20th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $73.81, for a total value of $13,728.66.
• On Tuesday, September 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $72.75, for a total value of $13,531.50.
• On Monday, August 5th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $65.60, for a total value of $12,201.60.
• On Monday, July 22nd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $69.64, for a total value of $12,953.04.

Johnson Controls International Stock Up 0.3 %

Johnson Controls International stock opened at $75.68 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The stock has a market capitalization of $50.55 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. The business has a 50 day simple moving average of $71.35 and a 200-day simple moving average of $68.77. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $78.23.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The company 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%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, analysts anticipate that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently bought and sold shares of the company. NEOS Investment Management LLC increased its position in shares of Johnson Controls International by 43.6% during the fourth quarter. NEOS Investment Management LLC now owns 9,679 shares of the company’s stock worth $558,000 after purchasing an additional 2,937 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Johnson Controls International by 13.8% in the fourth quarter. CIBC Asset Management Inc now owns 111,479 shares of the company’s stock valued at $6,426,000 after buying an additional 13,541 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Johnson Controls International by 5.5% in the fourth quarter. Rafferty Asset Management LLC now owns 57,065 shares of the company’s stock valued at $3,289,000 after buying an additional 2,956 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $247,000. Finally, Capital World Investors boosted its position in Johnson Controls International by 35.6% during the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after acquiring an additional 2,001,644 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted 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. Robert W. Baird boosted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Morgan Stanley began coverage on Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.21.

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.