Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren Sells 4,000 Shares

Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Johnson Controls International Stock Up 1.7 %

JCI stock opened at $64.46 on Wednesday. The stock has a 50-day simple moving average of $63.51 and a two-hundred day simple moving average of $57.51. 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 firm has a market capitalization of $43.43 billion, a PE ratio of 26.10, a PEG ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last posted 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 return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts predict that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. HSBC lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research note on Wednesday, January 31st. Finally, Barclays cut their price target on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average price target of $63.75.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors have recently made changes to their positions in JCI. Optimum Investment Advisors increased its stake in Johnson Controls International by 17.5% in the fourth quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after acquiring an additional 175 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Johnson Controls International by 3.9% in the third quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after buying an additional 179 shares in the last quarter. Glassy Mountain Advisors Inc. grew its position in Johnson Controls International by 0.4% during the first quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock valued at $3,284,000 after acquiring an additional 181 shares during the last quarter. BSW Wealth Partners grew its position in Johnson Controls International by 4.3% during the fourth quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock valued at $259,000 after acquiring an additional 185 shares during the last quarter. Finally, HCR Wealth Advisors raised its stake in shares of Johnson Controls International by 1.2% during the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after acquiring an additional 185 shares in the last quarter. 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.