Johnson Controls International plc (NYSE:JCI) CEO George Oliver Sells 110,616 Shares

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $83.64 on Tuesday. The firm has a market cap of $55.87 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 2.36 and a beta of 1.29. The firm has a fifty day moving average price of $77.14 and a 200 day moving average price of $71.93. Johnson Controls International plc has a fifty-two week low of $51.60 and a fifty-two week high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JCI. Mizuho lifted their price target on shares of 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 lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America raised their price objective on 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, Barclays boosted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.21.

Institutional Investors Weigh In On Johnson Controls International

Several large investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in Johnson Controls International by 470.9% in the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after acquiring an additional 130,308 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in Johnson Controls International by 0.9% during the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after purchasing an additional 10,146 shares in the last quarter. International Assets Investment Management LLC bought a new position in Johnson Controls International during the third quarter valued at $7,692,000. Orion Portfolio Solutions LLC grew its stake in shares of Johnson Controls International by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock worth $1,776,000 after buying an additional 3,717 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Johnson Controls International by 29.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,436 shares of the company’s stock worth $2,576,000 after buying an additional 8,897 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

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.