Johnson Controls International plc (NYSE:JCI) CEO Sells $10,799,923.65 in Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 129,263 shares of Johnson Controls International stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $83.55, for a total value of $10,799,923.65. Following the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $100,585,260.15. The trade was a 9.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, February 14th, George Oliver sold 162,894 shares of Johnson Controls International stock. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32.
• 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 shares were sold at an average price of $88.03, for a total value 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 value of $10,292,166.99.

Johnson Controls International Price Performance

JCI opened at $85.68 on Friday. The stock has a market cap of $56.56 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $59.11 and a 1 year high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $82.43 and a 200 day moving average price of $79.00.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.73%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Institutional Trading of Johnson Controls International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Park Avenue Securities LLC lifted its position in shares of Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after buying an additional 13,360 shares during the last quarter. Certuity LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth about $243,000. Y Intercept Hong Kong Ltd lifted its position in shares of Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. Finally, BNC Wealth Management LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth about $2,093,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JCI. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Royal Bank of Canada lifted their price target on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Melius Research reiterated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Oppenheimer lifted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

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.