Johnson Controls International plc (NYSE:JCI) COO Sells $188,580.00 in Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Johnson Controls International Price Performance

NYSE:JCI opened at $65.24 on Thursday. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $63.51 and a 200 day simple moving average of $57.51. The stock has a market capitalization of $43.95 billion, a PE ratio of 26.41, a P/E/G ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period last year, the business earned $0.75 earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis. On average, research analysts expect that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Institutional Investors Weigh In On Johnson Controls International

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares during the last quarter. Bank of New York Mellon Corp increased its position in Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after buying an additional 6,247,250 shares during the period. Norges Bank acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $316,400,000. Clean Energy Transition LLP bought a new stake in shares of Johnson Controls International in the fourth quarter valued at about $124,553,000. Finally, Capital World Investors increased its position in Johnson Controls International by 35.6% during the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after acquiring an additional 2,001,644 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on JCI. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 target price (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Royal Bank of Canada lowered their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Barclays lowered their price objective on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.