Insider Selling: Johnson Controls International plc (NYSE:JCI) CFO Sells $12,953.04 in Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $69.64, for a total transaction of $12,953.04. Following the completion of the sale, the chief financial officer now owns 43,439 shares in the company, valued at approximately $3,025,091.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, July 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $66.15, for a total transaction of $12,303.90.
• On Friday, May 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $61.25, for a total transaction of $11,392.50.

Johnson Controls International Stock Down 2.3 %

Shares of Johnson Controls International stock opened at $67.54 on Thursday. 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 plc has a twelve month low of $47.90 and a twelve month high of $74.23. The company has a market cap of $45.50 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.28. The company’s 50 day moving average is $69.61 and its 200 day moving average is $63.78.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Research analysts anticipate that Johnson Controls International plc will post 3.59 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 annualized dividend and a yield of 2.19%. Johnson Controls International’s payout ratio is presently 59.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Oppenheimer upped their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus price target of $65.23.

Institutional Trading of Johnson Controls International

A number of hedge funds and other institutional investors have recently modified their holdings of JCI. Vanguard Group Inc. increased its stake in shares of Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares in the last quarter. Capital World Investors increased its stake in shares of Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Johnson Controls International by 95.9% in the first quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares in the last quarter. Norges Bank purchased a new stake in shares of Johnson Controls International in the fourth quarter worth $316,400,000. Finally, Clean Energy Transition LLP purchased a new position in Johnson Controls International during the fourth quarter valued at $124,553,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.