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 company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $66.15, for a total transaction of $12,303.90. Following the transaction, the chief financial officer now directly owns 43,625 shares of the company’s stock, valued at $2,885,793.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, May 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $61.25, for a total transaction of $11,392.50.
• On Monday, April 22nd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $63.70, for a total transaction of $11,848.20.

Johnson Controls International Stock Up 0.8 %

Shares of NYSE JCI traded up $0.54 on Wednesday, reaching $66.86. 1,934,278 shares of the company’s stock traded hands, compared to its average volume of 5,484,121. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $74.23. The business’s 50 day simple moving average is $68.28 and its two-hundred day simple moving average is $62.45. The company has a market cap of $45.04 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Monday, June 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marcum Wealth LLC boosted its holdings in Johnson Controls International by 20.2% in the second quarter. Marcum Wealth LLC now owns 3,716 shares of the company’s stock worth $247,000 after purchasing an additional 624 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Johnson Controls International by 25.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,864 shares of the company’s stock worth $124,000 after acquiring an additional 374 shares during the period. First Hawaiian Bank raised its position in Johnson Controls International by 10.3% in the second quarter. First Hawaiian Bank now owns 75,471 shares of the company’s stock worth $5,017,000 after acquiring an additional 7,039 shares during the period. GAMMA Investing LLC raised its position in Johnson Controls International by 64.4% in the second quarter. GAMMA Investing LLC now owns 7,852 shares of the company’s stock worth $522,000 after acquiring an additional 3,077 shares during the period. Finally, Transcend Capital Advisors LLC raised its position in Johnson Controls International by 28.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,442 shares of the company’s stock worth $295,000 after acquiring an additional 994 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup upped their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer increased their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Barclays increased their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, June 21st. Finally, UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.82.

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.