Insider Selling: Johnson Controls International plc (NYSE:JCI) CEO Sells 110,616 Shares of Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $8,494,125.85.
• On Monday, September 16th, George Oliver sold 110,615 shares of Johnson Controls International stock. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05.

Johnson Controls International Stock Down 0.9 %

Shares of JCI stock traded down $0.73 on Monday, reaching $83.67. 1,995,172 shares of the stock were exchanged, compared to its average volume of 4,909,989. Johnson Controls International plc has a twelve month low of $51.60 and a twelve month high of $87.16. The company has a market capitalization of $55.89 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 2.36 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average price is $76.84 and its 200 day moving average price is $71.77.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JCI shares. UBS Group initiated coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays raised their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.21.

Hedge Funds Weigh In On Johnson Controls International

A number of large investors have recently bought and sold shares of JCI. State Street Corp boosted its stake in Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after purchasing an additional 300,712 shares during the period. Fisher Asset Management LLC grew its position in Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Capital World Investors boosted its holdings in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the period. Geode Capital Management LLC boosted its holdings in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock worth $389,214,000 after purchasing an additional 479,548 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.