Johnson Controls International plc (NYSE:JCI) VP Nathan D. Manning Sells 1,421 Shares

Johnson Controls International plc (NYSE:JCI) VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Johnson Controls International Stock Performance

JCI stock traded up $0.35 during midday trading on Tuesday, reaching $77.35. The company had a trading volume of 4,008,386 shares, compared to its average volume of 4,077,277. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $80.85 and a 200 day moving average price of $76.63. Johnson Controls International plc has a fifty-two week low of $52.79 and a fifty-two week high of $87.16. The firm has a market capitalization of $51.06 billion, a PE ratio of 30.45, a P/E/G ratio of 2.24 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. Johnson Controls International’s payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Oppenheimer lifted their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group began coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $87.20.

Hedge Funds Weigh In On Johnson Controls International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Avenue Securities LLC boosted its stake in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after acquiring an additional 52,719 shares during the period. Geode Capital Management LLC boosted its position in shares of Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after buying an additional 71,493 shares during the period. BNC Wealth Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth approximately $2,093,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Johnson Controls International during the third quarter worth approximately $7,692,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.