Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning Sells 3,000 Shares of Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Johnson Controls International Stock Up 1.7 %

Johnson Controls International stock opened at $64.46 on Wednesday. The stock’s 50 day moving average price is $63.51 and its 200 day moving average price is $57.51. The company has a market cap of $43.43 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, sell-side analysts predict that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.30%. Johnson Controls International’s payout ratio is 59.92%.

Institutional Trading of Johnson Controls International

Institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. grew its position in shares of Johnson Controls International by 4.7% in the first quarter. QRG Capital Management Inc. now owns 150,463 shares of the company’s stock valued at $9,828,000 after purchasing an additional 6,751 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Johnson Controls International by 11.3% in the first quarter. Sei Investments Co. now owns 683,742 shares of the company’s stock worth $44,661,000 after acquiring an additional 69,405 shares during the last quarter. Stonebrook Private Inc. lifted its position in shares of Johnson Controls International by 7.2% in the first quarter. Stonebrook Private Inc. now owns 24,505 shares of the company’s stock valued at $1,601,000 after acquiring an additional 1,653 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Johnson Controls International during the first quarter valued at $244,000. Finally, Smithfield Trust Co increased its position in Johnson Controls International by 47.1% during the 1st quarter. Smithfield Trust Co now owns 9,714 shares of the company’s stock worth $636,000 after purchasing an additional 3,112 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on JCI. HSBC cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a report on Wednesday, January 31st. Citigroup increased their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Oppenheimer dropped their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Finally, Barclays dropped their price target on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $63.75.

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.