Insider Selling: Johnson Controls International plc (NYSE:JCI) COO Sells 1,167 Shares of Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a filing with the SEC, which is available at this link.

Johnson Controls International Stock Down 1.7 %

Johnson Controls International stock traded down $1.21 during mid-day trading on Thursday, hitting $70.33. The company’s stock had a trading volume of 5,970,401 shares, compared to its average volume of 5,389,976. The firm’s 50 day moving average is $69.43 and its 200 day moving average is $64.19. The company has a market cap of $47.38 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. 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 52-week low of $47.90 and a 52-week high of $75.36.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. On average, analysts anticipate that Johnson Controls International plc will post 3.58 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is currently 59.92%.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent research reports. Oppenheimer upped their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. The Goldman Sachs Group upped their price objective on Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Royal Bank of Canada upped their price objective on Johnson Controls International from $54.00 to $61.00 and gave the stock an “underperform” rating in a research note on Thursday. Robert W. Baird upped their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Citigroup upped their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.08.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Johnson Controls International during the 2nd quarter valued at about $542,000. Natixis Advisors LLC increased its holdings in shares of Johnson Controls International by 49.1% during the 2nd quarter. Natixis Advisors LLC now owns 829,582 shares of the company’s stock valued at $55,142,000 after acquiring an additional 273,087 shares during the last quarter. Glassy Mountain Advisors Inc. increased its holdings in shares of Johnson Controls International by 3.1% during the 2nd quarter. Glassy Mountain Advisors Inc. now owns 51,842 shares of the company’s stock valued at $3,446,000 after acquiring an additional 1,560 shares during the last quarter. Summit Financial LLC acquired a new position in shares of Johnson Controls International during the 2nd quarter valued at about $224,000. Finally, Berry Wealth Group LP increased its holdings in shares of Johnson Controls International by 4.9% during the 2nd quarter. Berry Wealth Group LP now owns 25,801 shares of the company’s stock valued at $1,715,000 after acquiring an additional 1,197 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

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.