Johnson Controls International plc (NYSE:JCI) EVP Marlon Sullivan Sells 7,230 Shares

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

Johnson Controls International Price Performance

NYSE:JCI opened at $83.33 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $51.70 and a 12-month high of $87.16. The stock’s 50 day moving average price is $80.46 and its two-hundred day moving average price is $73.82. The firm has a market capitalization of $55.18 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.35 and a beta of 1.31.

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 given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s payout ratio is presently 58.27%.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Johnson Controls International by 686.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after acquiring an additional 3,880,146 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of Johnson Controls International during the 2nd quarter valued at $73,881,000. Point72 Asset Management L.P. increased its stake in Johnson Controls International by 263.9% in the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after acquiring an additional 973,145 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its stake in Johnson Controls International by 81.3% during the second quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after purchasing an additional 642,315 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. 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. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and a consensus price target of $78.57.

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.