Johnson Controls International plc (NYSE:JCI) EVP Sells $602,620.50 in Stock

Johnson Controls International plc (NYSE:JCI) EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $82.63 on Friday. 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 $54.72 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. The business has a 50-day simple moving average of $80.60 and a two-hundred day simple moving average of $73.89. Johnson Controls International plc has a fifty-two week low of $51.71 and a fifty-two week high of $87.16.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. Johnson Controls International’s payout ratio is 58.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley started coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Bank of America upped their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Robert W. Baird lifted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Mizuho increased their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, UBS Group began coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $80.38.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its stake in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Wolff Wiese Magana LLC increased its position in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in Johnson Controls International in the third quarter valued at about $44,000. Finally, Family Firm Inc. purchased a new position in Johnson Controls International in the second quarter worth about $48,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.