Johnson Controls International plc (NYSE:JCI) CEO George Oliver Sells 110,615 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $72.87 on Wednesday. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $75.36. The business has a 50 day moving average price of $69.68 and a two-hundred day moving average price of $67.56. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a market cap of $49.09 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the firm earned $1.03 EPS. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be given a $0.37 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 2.03%. Johnson Controls International’s payout ratio is 59.92%.

Analyst Ratings Changes

Several research firms recently weighed in on JCI. Oppenheimer increased their target price on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Morgan Stanley assumed coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Bank of America upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $80.00 in a report on Tuesday, September 10th. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.21.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Heritage Wealth Management Inc. acquired a new position in shares of Johnson Controls International in the 2nd quarter worth approximately $710,000. Sanctuary Advisors LLC acquired a new position in shares of Johnson Controls International in the 2nd quarter worth approximately $6,754,000. New Century Financial Group LLC acquired a new position in shares of Johnson Controls International in the 2nd quarter worth approximately $229,000. Cetera Investment Advisers grew its position in shares of Johnson Controls International by 11.5% in the 2nd quarter. Cetera Investment Advisers now owns 176,069 shares of the company’s stock worth $11,703,000 after acquiring an additional 18,089 shares in the last quarter. Finally, SPC Financial Inc. grew its position in shares of Johnson Controls International by 19.7% in the 2nd quarter. SPC Financial Inc. now owns 7,838 shares of the company’s stock worth $521,000 after acquiring an additional 1,289 shares in the last quarter. Institutional investors and hedge funds 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.