Johnson Controls International plc Ordinary Share (JCI) Director Acquires $436,920.00 in Stock

Johnson Controls International plc Ordinary Share (NYSE:JCI) Director Juergen Tinggren bought 12,000 shares of the company’s stock in a transaction that occurred on Saturday, November 17th. The shares were purchased at an average cost of $36.41 per share, for a total transaction of $436,920.00. Following the acquisition, the director now owns 21,625 shares of the company’s stock, valued at $787,366.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Johnson Controls International plc Ordinary Share (NYSE:JCI) traded up $0.50 during midday trading on Thursday, reaching $39.56. 3,509,136 shares of the company’s stock traded hands, compared to its average volume of 5,970,000. Johnson Controls International plc Ordinary Share has a 12-month low of $34.51 and a 12-month high of $44.70. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04. The stock has a market cap of $36,150.00, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.90.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Johnson Controls International plc Ordinary Share had a net margin of 6.32% and a return on equity of 11.91%. The firm had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same period in the previous year, the company posted $1.21 EPS. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. equities research analysts expect that Johnson Controls International plc Ordinary Share will post 2.8 earnings per share for the current fiscal year.

Johnson Controls International plc Ordinary Share declared that its board has authorized a stock repurchase program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.63%. This is a boost from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 15th. Johnson Controls International plc Ordinary Share’s payout ratio is presently 60.82%.

A number of hedge funds and other institutional investors have recently bought and sold shares of JCI. Dodge & Cox grew its position in Johnson Controls International plc Ordinary Share by 83.5% during the 2nd quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock worth $2,508,431,000 after purchasing an additional 26,319,624 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Johnson Controls International plc Ordinary Share by 144.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock worth $211,505,000 after purchasing an additional 2,879,948 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Johnson Controls International plc Ordinary Share by 31.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock worth $478,855,000 after purchasing an additional 2,812,690 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Johnson Controls International plc Ordinary Share by 5.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 45,423,316 shares of the auto parts company’s stock worth $1,830,106,000 after purchasing an additional 2,537,865 shares in the last quarter. Finally, Capital World Investors grew its position in Johnson Controls International plc Ordinary Share by 4.7% during the 2nd quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock worth $1,838,721,000 after purchasing an additional 1,917,892 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Several brokerages recently commented on JCI. Citigroup reissued a “buy” rating and set a $50.00 target price (up previously from $47.00) on shares of Johnson Controls International plc Ordinary Share in a report on Monday, October 9th. Goldman Sachs Group cut Johnson Controls International plc Ordinary Share from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $37.36 to $44.00 in a report on Thursday, December 7th. Robert W. Baird dropped their target price on Johnson Controls International plc Ordinary Share from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Oppenheimer reissued a “buy” rating and set a $45.00 target price (down previously from $50.00) on shares of Johnson Controls International plc Ordinary Share in a report on Friday, November 10th. Finally, Vertical Research cut Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $47.31.

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About Johnson Controls International plc Ordinary Share

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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