George Oliver Sells 110,615 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 110,615 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

George Oliver also recently made the following trade(s):

• On Monday, September 16th, George Oliver sold 110,615 shares of Johnson Controls International stock. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05.

Johnson Controls International Price Performance

NYSE JCI traded down $0.21 on Wednesday, reaching $76.39. The company’s stock had a trading volume of 2,546,817 shares, compared to its average volume of 5,043,369. The firm’s 50 day moving average is $72.52 and its two-hundred day moving average is $69.42. The stock has a market cap of $51.46 billion, a PE ratio of 31.02, a PEG ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $78.23.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.68 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s payout ratio is 59.92%.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds have recently modified their holdings of the stock. Syon Capital LLC purchased a new stake in Johnson Controls International during the fourth quarter valued at about $209,000. SageView Advisory Group LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $262,000. HighPoint Advisor Group LLC acquired a new position in Johnson Controls International in the 4th quarter worth approximately $482,000. CWM LLC boosted its stake in Johnson Controls International by 7.5% in the 1st quarter. CWM LLC now owns 26,705 shares of the company’s stock worth $1,744,000 after purchasing an additional 1,854 shares during the period. Finally, NBC Securities Inc. grew its position in Johnson Controls International by 20.3% during the 1st quarter. NBC Securities Inc. now owns 10,098 shares of the company’s stock worth $659,000 after purchasing an additional 1,706 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on JCI. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Oppenheimer increased their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Morgan Stanley began coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 target price for the company. Bank of America raised their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Robert W. Baird boosted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.50.

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.