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 Johnson Controls International stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $66.15, for a total value of $12,303.90. Following the transaction, the chief financial officer now owns 43,625 shares of the company’s stock, valued at approximately $2,885,793.75. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $63.70, for a total value of $11,848.20.

Johnson Controls International Stock Performance

NYSE JCI traded up $0.54 during trading hours on Wednesday, hitting $66.86. The company had a trading volume of 1,934,278 shares, compared to its average volume of 5,484,121. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23. The company has a market cap of $45.04 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. The business has a 50 day moving average of $68.28 and a 200-day moving average of $62.45.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts expect that Johnson Controls International plc will post 3.59 EPS for the current year.

Johnson Controls International Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Johnson Controls International during the first quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $25,000. EdgeRock Capital LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $27,000. Hexagon Capital Partners LLC grew its position in Johnson Controls International by 114.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after buying an additional 268 shares during the period. Finally, Headinvest LLC acquired a new position in Johnson Controls International during the third quarter worth about $30,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JCI shares. Citigroup lifted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. 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 note on Thursday, June 27th. Wells Fargo & Company lifted 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. Finally, Barclays boosted their target price on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.82.

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.