Insider Selling: Johnson Controls International plc (NYSE:JCI) CEO Sells 124,497 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 124,497 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total value of $10,292,166.99. Following the sale, the chief executive officer now owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value of $14,264,991.00.
• On Monday, November 25th, George Oliver sold 10,304 shares of Johnson Controls International stock. The shares were 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.
• On Friday, November 15th, George Oliver sold 110,616 shares of Johnson Controls International stock. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60.
• On Tuesday, October 15th, George Oliver sold 110,615 shares of Johnson Controls International stock. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85.
• On Monday, September 16th, George Oliver sold 110,615 shares of Johnson Controls International stock. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $82.79 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company’s fifty day moving average price is $80.04 and its two-hundred day moving average price is $73.61. The firm has a market capitalization of $54.82 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC grew its position in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares in the last quarter. Continuum Advisory LLC grew its holdings in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Johnson Controls International in the 2nd quarter valued at about $47,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JCI has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Mizuho increased their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.57.

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.