Insider Selling: Johnson Controls International plc (NYSE:JCI) COO Sells $188,580.00 in Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 3,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the transaction, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Johnson Controls International Stock Up 0.8 %

Shares of NYSE:JCI opened at $65.73 on Friday. The firm’s 50-day moving average is $63.62 and its two-hundred day moving average is $57.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43. The firm has a market capitalization of $44.28 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Analysts predict that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Mizuho cut Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Friday, February 23rd. Royal Bank of Canada cut their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Finally, Citigroup lifted their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. One research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in Johnson Controls International by 7.0% in the third quarter. Commonwealth Equity Services LLC now owns 87,502 shares of the company’s stock valued at $4,656,000 after buying an additional 5,698 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Johnson Controls International by 103.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 62,577 shares of the company’s stock worth $3,330,000 after purchasing an additional 31,826 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Johnson Controls International by 4.6% in the third quarter. Stratos Wealth Partners LTD. now owns 6,654 shares of the company’s stock valued at $354,000 after purchasing an additional 293 shares in the last quarter. Independent Advisor Alliance increased its stake in Johnson Controls International by 6.6% in the third quarter. Independent Advisor Alliance now owns 5,328 shares of the company’s stock valued at $284,000 after purchasing an additional 330 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in Johnson Controls International by 21.4% during the third quarter. J.W. Cole Advisors Inc. now owns 3,827 shares of the company’s stock worth $204,000 after purchasing an additional 675 shares in the last quarter. Hedge funds and other 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.