Insider Selling: Johnson Controls International plc (NYSE:JCI) Director Sells 100,000 Shares of Stock

Johnson Controls International plc (NYSE:JCI) Director George Oliver sold 100,000 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the sale, the director now owns 904,305 shares in the company, valued at $82,924,768.50. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

George Oliver also recently made the following trade(s):

• On Friday, March 14th, George Oliver sold 15,669 shares of Johnson Controls International stock. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81.
• On Wednesday, March 12th, George Oliver sold 184,331 shares of Johnson Controls International stock. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19.
• On Tuesday, February 25th, George Oliver sold 129,263 shares of Johnson Controls International stock. The stock was sold at an average price of $83.55, for a total transaction of $10,799,923.65.
• On Friday, February 14th, George Oliver sold 162,894 shares of Johnson Controls International stock. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $96.32 on Thursday. The firm’s 50 day simple moving average is $81.52 and its 200-day simple moving average is $81.96. The company has a market cap of $63.38 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $97.11.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s payout ratio is presently 39.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC grew its position in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Johnson Controls International during the first quarter valued at approximately $50,000. CreativeOne Wealth LLC grew its position in Johnson Controls International by 9.0% during the first quarter. CreativeOne Wealth LLC now owns 7,918 shares of the company’s stock valued at $634,000 after purchasing an additional 653 shares in the last quarter. Ieq Capital LLC grew its position in Johnson Controls International by 390.2% during the first quarter. Ieq Capital LLC now owns 147,194 shares of the company’s stock valued at $11,792,000 after purchasing an additional 117,167 shares in the last quarter. Finally, Quadcap Wealth Management LLC grew its position in Johnson Controls International by 1.5% during the first quarter. Quadcap Wealth Management LLC now owns 13,949 shares of the company’s stock valued at $1,117,000 after purchasing an additional 204 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent research reports. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Thursday, May 8th. Barclays lifted their price objective on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $82.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.35.

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.