Insider Selling: Johnson Controls International plc (NYSE:JCI) CEO Sells 10,304 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 10,304 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.14, for a total transaction of $866,978.56. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $98,190,706.88. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, November 22nd, George Oliver sold 170,430 shares of Johnson Controls International stock. The stock was sold at an average price of $83.70, for a total value of $14,264,991.00.
• On Wednesday, November 20th, George Oliver sold 224,152 shares of Johnson Controls International stock. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44.
• On Friday, November 15th, George Oliver sold 110,616 shares of Johnson Controls International stock. The stock was sold at an average price of $84.60, for a total transaction 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 transaction 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 Price Performance

JCI stock traded down $0.12 during trading on Monday, hitting $83.33. The company had a trading volume of 4,764,304 shares, compared to its average volume of 4,894,338. The company has a fifty day moving average price of $78.13 and a two-hundred day moving average price of $72.49. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. The company has a market cap of $55.18 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.33 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.78%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Analyst Ratings Changes

JCI has been the subject of several analyst reports. UBS Group started coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price for the company. Mizuho lifted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $77.21.

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Johnson Controls International by 686.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after purchasing an additional 3,880,146 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in Johnson Controls International during the 2nd quarter valued at about $73,881,000. Point72 Asset Management L.P. boosted its stake in shares of Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after purchasing an additional 973,145 shares during the last quarter. Finally, Electron Capital Partners LLC grew its position in shares of Johnson Controls International by 81.3% during the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after buying an additional 642,315 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.