Juergen Tinggren Buys 12,000 Shares of Johnson Controls International plc Ordinary Share (JCI) Stock

Johnson Controls International plc Ordinary Share (NYSE:JCI) Director Juergen Tinggren bought 12,000 shares of the stock in a transaction on Saturday, November 17th. The stock was acquired at an average cost of $36.41 per share, for a total transaction of $436,920.00. Following the acquisition, the director now directly owns 21,625 shares in the company, valued at $787,366.25. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Johnson Controls International plc Ordinary Share (JCI) opened at $39.80 on Friday. Johnson Controls International plc Ordinary Share has a fifty-two week low of $34.51 and a fifty-two week high of $44.70. The firm has a market capitalization of $36,832.31, a P/E ratio of 15.25, a PEG ratio of 1.07 and a beta of 0.90. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last announced its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. Johnson Controls International plc Ordinary Share had a return on equity of 11.91% and a net margin of 6.32%. The company had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.10 billion. During the same quarter last year, the firm earned $1.21 EPS. Johnson Controls International plc Ordinary Share’s revenue for the quarter was up 30.1% compared to the same quarter last year. research analysts expect that Johnson Controls International plc Ordinary Share will post 2.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Monday, December 18th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, December 15th. This is a positive change from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is presently 51.23%.

Johnson Controls International plc Ordinary Share announced that its Board of Directors has authorized a stock buyback program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

JCI has been the topic of a number of research analyst reports. Cowen reaffirmed a “buy” rating and issued a $48.00 target price on shares of Johnson Controls International plc Ordinary Share in a report on Wednesday, September 27th. Morgan Stanley set a $48.00 target price on Johnson Controls International plc Ordinary Share and gave the company an “overweight” rating in a report on Monday, October 2nd. Citigroup reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $47.00) on shares of Johnson Controls International plc Ordinary Share in a report on Monday, October 9th. JMP Securities set a $50.00 target price on Johnson Controls International plc Ordinary Share and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $50.00 target price (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Johnson Controls International plc Ordinary Share has a consensus rating of “Hold” and a consensus price target of $47.31.

Several institutional investors have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its position in shares of Johnson Controls International plc Ordinary Share by 1.9% during the 2nd quarter. Westside Investment Management Inc. now owns 18,423 shares of the auto parts company’s stock worth $799,000 after buying an additional 342 shares during the period. Harfst & Associates Inc. lifted its position in shares of Johnson Controls International plc Ordinary Share by 16.9% during the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after buying an additional 389 shares during the period. Bank of Hawaii lifted its position in shares of Johnson Controls International plc Ordinary Share by 4.3% during the 2nd quarter. Bank of Hawaii now owns 11,880 shares of the auto parts company’s stock worth $515,000 after buying an additional 492 shares during the period. National Asset Management Inc. lifted its position in shares of Johnson Controls International plc Ordinary Share by 2.1% during the 2nd quarter. National Asset Management Inc. now owns 34,736 shares of the auto parts company’s stock worth $1,507,000 after buying an additional 700 shares during the period. Finally, Raymond James Trust N.A. lifted its position in shares of Johnson Controls International plc Ordinary Share by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 37,971 shares of the auto parts company’s stock worth $1,646,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

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Johnson Controls International plc Ordinary Share Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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