Insider Selling: Johnson Controls International plc (NYSE:JCI) COO Sells 3,000 Shares of Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Johnson Controls International Stock Performance

NYSE JCI traded down $0.22 during trading hours on Wednesday, hitting $76.59. The company had a trading volume of 2,270,190 shares, compared to its average volume of 5,169,827. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $78.23. The firm has a market cap of $51.16 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $70.86 and a 200-day simple moving average of $68.55.

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

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Barclays increased their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday. Oppenheimer boosted their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $72.21.

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently made changes to their positions in the business. Summit Trail Advisors LLC lifted its position in shares of Johnson Controls International by 4.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after acquiring an additional 163 shares during the last quarter. Center for Financial Planning Inc. increased its stake in Johnson Controls International by 5.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after purchasing an additional 187 shares in the last quarter. Wedmont Private Capital raised its holdings in Johnson Controls International by 3.1% during the 2nd quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after buying an additional 192 shares during the period. Central Pacific Bank Trust Division lifted its stake in Johnson Controls International by 0.6% during the third quarter. Central Pacific Bank Trust Division now owns 32,034 shares of the company’s stock valued at $2,486,000 after buying an additional 200 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. 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.