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

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 129,263 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $100,585,260.15. This represents a 9.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 shares were 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 shares were sold at an average price of $89.07, for a total value 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 Stock Performance

Shares of JCI opened at $84.24 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a 50-day moving average of $82.33 and a two-hundred day moving average of $78.86. The stock has a market cap of $55.61 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a one year low of $59.05 and a one year high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its 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 return on equity of 15.11% and a net margin of 6.83%. As a group, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced 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 dividend yield of 1.76%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JCI shares. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Melius Research reiterated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley lifted their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $103.00 in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds have recently added to or reduced their stakes in the business. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International during the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its holdings in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Synergy Asset Management LLC purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $42,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $42,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.