Insider Selling: Johnson Controls International plc (NYSE:JCI) CEO Sells 162,894 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, February 10th, George Oliver sold 205,168 shares of Johnson Controls International stock. The shares were sold at an average price of $89.07, for a total value of $18,274,313.76.
• On Friday, February 7th, George Oliver sold 205,168 shares of Johnson Controls International stock. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04.
• On Tuesday, December 10th, George Oliver sold 124,497 shares of Johnson Controls International stock. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99.
• On Friday, November 22nd, George Oliver sold 170,430 shares of Johnson Controls International stock. The stock was sold at an average price of $83.70, for a total transaction of $14,264,991.00.
• On Monday, November 25th, George Oliver sold 10,304 shares of Johnson Controls International stock. The stock was sold at an average price of $84.14, for a total transaction of $866,978.56.
• On Wednesday, November 20th, George Oliver sold 224,152 shares of Johnson Controls International stock. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $89.83 on Friday. The company has a quick ratio of 0.79, 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 $56.28 and a 52 week high of $89.95. The business’s 50 day moving average price is $81.50 and its 200 day moving average price is $77.68. The firm has a market cap of $59.30 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts expect that Johnson Controls International plc will post 3.52 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.65%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JCI. Oppenheimer boosted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird boosted their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds have recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $29,000. Fortitude Family Office LLC raised its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $42,000. 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.