Marc Vandiepenbeeck Sells 186 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $66.15, for a total transaction of $12,303.90. Following the completion of the sale, the chief financial officer now directly owns 43,625 shares of the company’s stock, valued at $2,885,793.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $11,392.50.
• On Monday, April 22nd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $63.70, for a total value of $11,848.20.

Johnson Controls International Stock Up 0.8 %

JCI stock opened at $66.86 on Friday. The business has a 50 day moving average of $68.38 and a 200 day moving average of $62.51. The firm has a market cap of $45.04 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $74.23. 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 released its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, research analysts forecast that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JCI shares. Citigroup upped their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. Barclays lifted their price target on shares of Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, June 21st. Oppenheimer raised their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.82.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp increased its holdings in shares of Johnson Controls International by 6.9% in the 3rd quarter. Truist Financial Corp now owns 307,817 shares of the company’s stock worth $16,379,000 after purchasing an additional 19,804 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Johnson Controls International by 57.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,866 shares of the company’s stock worth $2,174,000 after buying an additional 14,943 shares in the last quarter. Advisors Asset Management Inc. raised its position in Johnson Controls International by 26.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 22,523 shares of the company’s stock worth $1,198,000 after buying an additional 4,692 shares during the last quarter. AXQ Capital LP bought a new position in Johnson Controls International during the 3rd quarter valued at about $213,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Johnson Controls International by 35.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock valued at $126,944,000 after acquiring an additional 618,920 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

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.