Johnson Controls International plc (NYSE:JCI) CEO George Oliver Sells 129,263 Shares of Stock

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

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 stock was sold at an average price of $89.28, for a total transaction 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 transaction 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 Trading Up 1.3 %

JCI stock opened at $84.97 on Thursday. Johnson Controls International plc has a one year low of $58.90 and a one year high of $91.14. The stock has a market cap of $56.09 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a fifty day moving average price of $82.22 and a two-hundred day moving average price of $78.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

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

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.74%. Johnson Controls International’s payout ratio is currently 56.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $568,309,000. Norges Bank acquired a new stake in Johnson Controls International in the 4th quarter worth about $560,549,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the period. Invesco Ltd. grew its position in shares of Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares in the last quarter. Finally, Amundi increased its holdings in shares of Johnson Controls International by 76.7% during the fourth quarter. Amundi now owns 3,870,478 shares of the company’s stock worth $309,422,000 after purchasing an additional 1,680,431 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Melius Research reiterated a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup decreased their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company lifted their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently 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.