Insider Selling: Johnson Controls International plc (NYSE:JCI) CEO Sells $10,292,166.99 in Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 124,497 shares of the business’s 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 completion of the sale, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction 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 value of $18,541,853.44.
• On Friday, November 15th, George Oliver sold 110,616 shares of Johnson Controls International stock. The shares were 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 stock was 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 Price Performance

Shares of NYSE:JCI opened at $83.33 on Friday. The firm has a fifty day moving average price of $80.30 and a 200 day moving average price of $73.75. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market cap of $55.18 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.35 and a beta of 1.31.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s payout ratio is presently 58.27%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays upped their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Bank of America lifted their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada increased their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $78.57.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds have recently modified their holdings of the business. Metis Global Partners LLC grew its position in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after acquiring an additional 127 shares during the period. Brooklyn Investment Group raised its position in Johnson Controls International by 3.5% in the 3rd quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock valued at $334,000 after purchasing an additional 144 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after acquiring an additional 163 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares in the last quarter. Finally, Berry Wealth Group LP boosted its position in shares of Johnson Controls International by 0.7% during the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after acquiring an additional 177 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.