Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck Sells 28,289 Shares

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 28,289 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the sale, the chief financial officer now owns 147,673 shares of the company’s stock, valued at approximately $13,426,429.16. This represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Johnson Controls International Stock Up 1.7 %

Shares of NYSE JCI opened at $91.27 on Friday. The stock has a market capitalization of $60.25 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $92.41. The stock’s fifty day simple moving average is $80.41 and its two-hundred day simple moving average is $81.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.62%. Johnson Controls International’s payout ratio is 56.49%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Johnson Controls International by 6.7% in the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after purchasing an additional 105,194 shares during the last quarter. Nordea Investment Management AB increased its stake in Johnson Controls International by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 60,970 shares of the company’s stock valued at $4,817,000 after purchasing an additional 2,953 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Johnson Controls International in the fourth quarter worth $215,000. Fulton Bank N.A. lifted its stake in shares of Johnson Controls International by 1.2% during the fourth quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after buying an additional 139 shares during the period. Finally, First Hawaiian Bank grew its holdings in shares of Johnson Controls International by 0.6% during the fourth quarter. First Hawaiian Bank now owns 74,066 shares of the company’s stock valued at $5,846,000 after buying an additional 463 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JCI. Citigroup lowered their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Thursday. Royal Bank of Canada upped their target price on Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday. Melius Research reissued a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, Robert W. Baird boosted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.31.

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.