Marc Vandiepenbeeck Sells 186 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $63.70, for a total transaction of $11,848.20. Following the transaction, the chief financial officer now directly owns 44,315 shares of the company’s stock, valued at approximately $2,822,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, April 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $65.50, for a total transaction of $12,183.00.
• On Wednesday, March 20th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $63.87, for a total transaction of $11,879.82.
• On Monday, March 4th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $60.24, for a total transaction of $11,204.64.

Johnson Controls International Trading Up 0.8 %

Shares of JCI stock opened at $65.17 on Wednesday. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $62.34 and its 200 day moving average is $56.67. The stock has a market capitalization of $44.41 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.60 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. 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 declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is presently 48.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JCI. Vanguard Group Inc. boosted its stake in shares of Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after acquiring an additional 10,522,009 shares during the last quarter. Norges Bank purchased a new position in shares of Johnson Controls International during the 4th quarter worth $316,400,000. Clean Energy Transition LLP purchased a new position in shares of Johnson Controls International during the 4th quarter valued at $124,553,000. Capital World Investors lifted its stake in shares of Johnson Controls International by 35.6% during the 4th quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock valued at $439,341,000 after buying an additional 2,001,644 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Johnson Controls International by 121.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,494,653 shares of the company’s stock valued at $201,432,000 after buying an additional 1,915,699 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 price target (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Mizuho downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Friday, February 23rd. Royal Bank of Canada reduced their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. Barclays raised their price target on shares of Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.50.

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.