Insider Selling: Johnson Controls International plc (NYSE:JCI) VP Sells 1,950 Shares of Stock

Johnson Controls International plc (NYSE:JCI) VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Johnson Controls International Trading Down 0.3 %

Shares of NYSE:JCI traded down $0.24 on Friday, reaching $87.76. 7,031,142 shares of the company traded hands, compared to its average volume of 4,805,113. The stock has a market capitalization of $57.93 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $54.07 and a 52 week high of $88.90. The business’s 50-day simple moving average is $80.85 and its 200 day simple moving average is $76.84. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.45 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Institutional Trading of Johnson Controls International

A number of institutional investors have recently modified their holdings of JCI. Compass Financial Services Inc bought a new position in Johnson Controls International during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its stake in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Johnson Controls International during the 4th quarter valued at $42,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JCI shares. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley increased their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Wells Fargo & Company increased their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.27.

Johnson Controls International Company Profile

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.