George Oliver Sells 184,331 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) Director George Oliver sold 184,331 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the sale, the director now directly owns 1,019,562 shares in the company, valued at approximately $81,044,983.38. The trade was a 15.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81.
• 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 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 stock was 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 value of $18,060,939.04.

Johnson Controls International Price Performance

JCI stock opened at $79.78 on Friday. The stock has a 50-day simple moving average of $82.41 and a 200-day simple moving average of $79.73. The firm has a market cap of $52.67 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its earnings results 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 net margin of 6.83% and a return on equity of 15.11%. On average, equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds have recently bought and sold shares of JCI. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International during the fourth quarter worth about $42,000. Crowley Wealth Management Inc. acquired a new stake in Johnson Controls International during the fourth quarter worth about $42,000. Finally, ST Germain D J Co. Inc. lifted its holdings in Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JCI has been the topic of several analyst reports. Morgan Stanley raised their price target 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, February 6th. Citigroup decreased their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Barclays cut their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. lifted their price objective on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Melius Research reiterated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.27.

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.