Insider Selling: Johnson Controls International plc (NYSE:JCI) Director Sells $249,240.00 in Stock

Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $65.24 on Thursday. The business has a fifty day moving average of $63.51 and a 200 day moving average of $57.51. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The firm has a market capitalization of $43.95 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. As a group, research analysts expect that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Institutional Trading of Johnson Controls International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its stake in shares of Johnson Controls International by 7.0% in the third quarter. Commonwealth Equity Services LLC now owns 87,502 shares of the company’s stock worth $4,656,000 after buying an additional 5,698 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Johnson Controls International by 103.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 62,577 shares of the company’s stock worth $3,330,000 after purchasing an additional 31,826 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Johnson Controls International by 4.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,654 shares of the company’s stock worth $354,000 after purchasing an additional 293 shares during the period. Independent Advisor Alliance increased its holdings in shares of Johnson Controls International by 6.6% during the 3rd quarter. Independent Advisor Alliance now owns 5,328 shares of the company’s stock valued at $284,000 after purchasing an additional 330 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Johnson Controls International by 21.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,827 shares of the company’s stock valued at $204,000 after purchasing an additional 675 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Royal Bank of Canada decreased their price objective on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Argus lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.