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 firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $73.81, for a total transaction of $13,728.66. Following the sale, the chief financial officer now directly owns 83,702 shares of the company’s stock, valued at approximately $6,178,044.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 stock was sold at an average price of $65.60, for a total value of $12,201.60.
• On Monday, July 22nd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $69.64, for a total value of $12,953.04.
• 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 value of $12,303.90.

Johnson Controls International Trading Down 0.1 %

Shares of JCI stock traded down $0.11 on Friday, reaching $74.12. 1,268,412 shares of the company’s stock were exchanged, compared to its average volume of 5,162,156. The company’s fifty day simple moving average is $69.87 and its 200 day simple moving average is $67.64. The stock has a market capitalization of $49.51 billion, a PE ratio of 29.82, a P/E/G ratio of 1.91 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.36.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. As a group, analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s payout ratio is 59.92%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JCI. Morgan Stanley began coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Barclays reduced their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $80.00 in a research note on Tuesday, September 10th. Robert W. Baird raised their price target on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Johnson Controls International has an average rating of “Hold” and an average target price of $70.21.

Institutional Trading of Johnson Controls International

Several institutional investors and hedge funds have recently made changes to their positions in JCI. Heritage Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the 2nd quarter worth $710,000. Sanctuary Advisors LLC bought a new stake in shares of Johnson Controls International in the 2nd quarter valued at about $6,754,000. New Century Financial Group LLC bought a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $229,000. Cetera Investment Advisers lifted its position in Johnson Controls International by 11.5% during the second quarter. Cetera Investment Advisers now owns 176,069 shares of the company’s stock valued at $11,703,000 after acquiring an additional 18,089 shares during the last quarter. Finally, SPC Financial Inc. increased its position in shares of Johnson Controls International by 19.7% during the second quarter. SPC Financial Inc. now owns 7,838 shares of the company’s stock worth $521,000 after purchasing an additional 1,289 shares in the last quarter. 90.05% of the stock is currently owned by 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.