Insider Selling: Johnson Controls International plc (NYSE:JCI) CEO Sells 162,894 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 162,894 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the completion of the transaction, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $107,483,567.04. This represents a 11.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, February 10th, George Oliver sold 205,168 shares of Johnson Controls International stock. The shares were sold at an average price of $89.07, for a total transaction of $18,274,313.76.
• On Friday, February 7th, George Oliver sold 205,168 shares of Johnson Controls International stock. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04.
• On Tuesday, December 10th, George Oliver sold 124,497 shares of Johnson Controls International stock. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99.
• On Friday, November 22nd, George Oliver sold 170,430 shares of Johnson Controls International stock. The shares were sold at an average price of $83.70, for a total value of $14,264,991.00.
• On Monday, November 25th, George Oliver sold 10,304 shares of Johnson Controls International stock. The stock was sold at an average price of $84.14, for a total value of $866,978.56.
• 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.

Johnson Controls International Stock Up 1.4 %

Shares of NYSE JCI opened at $89.83 on Monday. Johnson Controls International plc has a 1 year low of $56.28 and a 1 year high of $89.95. The firm’s 50-day moving average is $81.50 and its 200-day moving average is $77.75. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $59.30 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities analysts expect that Johnson Controls International plc will post 3.52 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.65%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. Royal Bank of Canada increased their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Oppenheimer raised their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management boosted its stake in Johnson Controls International by 8.4% during the 3rd quarter. Ritholtz Wealth Management now owns 3,614 shares of the company’s stock worth $280,000 after acquiring an additional 281 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Johnson Controls International by 170.8% in the third quarter. Exchange Traded Concepts LLC now owns 1,763 shares of the company’s stock worth $137,000 after purchasing an additional 1,112 shares during the period. Procyon Advisors LLC bought a new position in shares of Johnson Controls International during the third quarter worth $235,000. Creative Planning grew its holdings in shares of Johnson Controls International by 11.1% in the 3rd quarter. Creative Planning now owns 73,594 shares of the company’s stock valued at $5,712,000 after buying an additional 7,375 shares during the period. Finally, Magnus Financial Group LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at $210,000. 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.