Johnson Controls International plc (NYSE:JCI) CEO George Oliver Sells 224,152 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 224,152 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 15th, George Oliver sold 110,616 shares of Johnson Controls International stock. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60.
• On Tuesday, October 15th, George Oliver sold 110,615 shares of Johnson Controls International stock. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85.
• On Monday, September 16th, George Oliver sold 110,615 shares of Johnson Controls International stock. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded up $0.08 on Friday, hitting $84.07. The stock had a trading volume of 524,463 shares, compared to its average volume of 4,878,011. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market cap of $56.16 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The business’s 50 day moving average is $77.91 and its two-hundred day moving average is $72.24.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s payout ratio is 58.27%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Bank of America increased 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. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. Morgan Stanley assumed coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $77.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TCW Group Inc. grew its position in Johnson Controls International by 14.5% during the 3rd quarter. TCW Group Inc. now owns 740,830 shares of the company’s stock worth $57,496,000 after acquiring an additional 93,877 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Johnson Controls International by 9.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 30,399 shares of the company’s stock worth $2,359,000 after buying an additional 2,717 shares during the period. Arete Wealth Advisors LLC grew its stake in Johnson Controls International by 10.4% in the third quarter. Arete Wealth Advisors LLC now owns 6,078 shares of the company’s stock valued at $469,000 after acquiring an additional 574 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Johnson Controls International by 13.7% during the third quarter. Coldstream Capital Management Inc. now owns 11,020 shares of the company’s stock worth $862,000 after purchasing an additional 1,327 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

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.