Johnson Controls International plc (NYSE:JCI) CFO Sells $11,392.50 in Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $61.25, for a total value of $11,392.50. Following the completion of the sale, the chief financial officer now directly owns 44,369 shares of the company’s stock, valued at $2,717,601.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Marc Vandiepenbeeck also recently made the following trade(s):

• 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.
• On Wednesday, April 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $65.50, for a total transaction of $12,183.00.
• On Wednesday, March 20th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $63.87, for a total transaction of $11,879.82.
• On Monday, March 4th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $60.24, for a total transaction of $11,204.64.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $62.38 on Monday. The stock has a market cap of $42.02 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.59 and a beta of 1.23. 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 plc has a twelve month low of $47.90 and a twelve month high of $70.43. The company’s fifty day moving average is $63.31 and its 200 day moving average is $57.30.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion during 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 business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Sell-side analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Analysts Set New Price Targets

JCI has been the subject of a number of analyst reports. Barclays decreased their price objective on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday. Oppenheimer cut their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup boosted their price objective 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. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Finally, HSBC cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.25.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after acquiring an additional 10,522,009 shares during the period. Franklin Resources Inc. grew its stake in Johnson Controls International by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock worth $946,411,000 after purchasing an additional 305,798 shares during the period. Fisher Asset Management LLC increased its holdings in Johnson Controls International by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock worth $779,768,000 after purchasing an additional 618,120 shares in the last quarter. Invesco Ltd. lifted its stake in Johnson Controls International by 4.7% in the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after buying an additional 588,724 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after buying an additional 6,247,250 shares in the last quarter. 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.