Insider Selling: Johnson Controls International plc (NYSE:JCI) CFO Sells 186 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $77.47, for a total value of $14,409.42. Following the completion of the transaction, the chief financial officer now directly owns 83,330 shares of the company’s stock, valued at $6,455,575.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Marc Vandiepenbeeck also recently made the following trade(s):

• On Thursday, October 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $76.30, for a total value of $14,191.80.
• On Friday, September 20th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $73.81, for a total value of $13,728.66.
• On Tuesday, September 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $72.75, for a total value of $13,531.50.
• On Monday, August 5th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $65.60, for a total value of $12,201.60.

Johnson Controls International Price Performance

Shares of JCI opened at $76.66 on Wednesday. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $78.23. The stock has a market cap of $51.21 billion, a PE ratio of 32.08, a P/E/G ratio of 2.21 and a beta of 1.29. The firm has a 50-day simple moving average of $73.50 and a two-hundred day simple moving average of $69.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts forecast that Johnson Controls International plc will post 3.68 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is 61.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. M&G Plc purchased a new position in shares of Johnson Controls International in the first quarter valued at approximately $120,948,000. Cetera Investment Advisers lifted its stake in Johnson Controls International by 470.9% in the first 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. Janney Montgomery Scott LLC lifted its stake in Johnson Controls International by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 398,174 shares of the company’s stock worth $26,009,000 after acquiring an additional 13,373 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Johnson Controls International by 0.9% in the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after acquiring an additional 10,146 shares during the last quarter. Finally, Norden Group LLC purchased a new position in Johnson Controls International in the first quarter worth approximately $864,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on JCI shares. Bank of America boosted their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Robert W. Baird upped their target price on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 target price for the company. Barclays upped their target price on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their target price on Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $73.43.

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.