Insider Selling: Johnson Controls International plc (NYSE:JCI) CFO Sells 28,289 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 28,289 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the transaction, the chief financial officer now directly owns 147,673 shares of the company’s stock, valued at $13,426,429.16. This represents a 16.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Johnson Controls International Stock Up 1.7 %

Shares of NYSE JCI opened at $91.27 on Friday. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The company’s 50-day simple moving average is $80.41 and its 200-day simple moving average is $81.46. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $92.41.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the firm posted $0.78 EPS. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $82.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Melius Research reiterated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Citigroup lowered their target price on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, Barclays lowered their price objective on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Johnson Controls International by 6.7% in the third quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after buying an additional 105,194 shares during the last quarter. Nordea Investment Management AB grew its stake in Johnson Controls International by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 60,970 shares of the company’s stock valued at $4,817,000 after acquiring an additional 2,953 shares in the last quarter. Diversified Trust Co acquired a new stake in Johnson Controls International in the 4th quarter valued at about $215,000. Fulton Bank N.A. lifted its stake in Johnson Controls International by 1.2% in the 4th quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after purchasing an additional 139 shares in the last quarter. Finally, First Hawaiian Bank boosted its holdings in shares of Johnson Controls International by 0.6% during the 4th quarter. First Hawaiian Bank now owns 74,066 shares of the company’s stock worth $5,846,000 after purchasing an additional 463 shares during 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.