Johnson Controls International (NYSE:JCI) Stock: Insider Juergen Tinggren Sells 4,000 Shares

Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Johnson Controls International Stock Down 5.9%

JCI stock opened at $148.90 on Friday. Johnson Controls International plc has a twelve month low of $108.41 and a twelve month high of $160.41. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $90.19 billion, a P/E ratio of 30.67, a PEG ratio of 1.25 and a beta of 1.27. The firm has a 50 day simple moving average of $147.36 and a 200-day simple moving average of $140.79.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. On average, equities research analysts predict that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds have recently added to or reduced their stakes in JCI. First County Bank CT lifted its stake in shares of Johnson Controls International by 4.2% in the 3rd quarter. First County Bank CT now owns 1,699 shares of the company’s stock valued at $253,000 after purchasing an additional 68 shares during the period. Natural Investments LLC boosted its position in shares of Johnson Controls International by 2.5% during the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after purchasing an additional 72 shares in the last quarter. Everhart Financial Group Inc. boosted its position in shares of Johnson Controls International by 1.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after purchasing an additional 72 shares in the last quarter. Baron Wealth Management LLC grew its stake in Johnson Controls International by 1.6% during the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after purchasing an additional 75 shares during the period. Finally, Kaufman Rossin Wealth LLC grew its stake in Johnson Controls International by 2.0% during the third quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock worth $572,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 14th. Zacks Research downgraded Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. Robert W. Baird boosted their price objective on Johnson Controls International from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Bank of America upped their price objective on Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.