Juergen Tinggren Sells 4,000 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the sale, the director now owns 30,120 shares in the company, valued at approximately $1,876,777.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Johnson Controls International Price Performance

JCI stock opened at $65.24 on Thursday. The stock has a market capitalization of $43.95 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.59 and a beta of 1.23. The firm’s 50-day moving average price is $63.51 and its two-hundred day moving average price is $57.51. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. As a group, equities analysts predict that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm 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. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s payout ratio is 59.92%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JCI. M. Kulyk & Associates LLC boosted its stake in shares of Johnson Controls International by 2.6% during the 3rd quarter. M. Kulyk & Associates LLC now owns 92,945 shares of the company’s stock valued at $4,946,000 after purchasing an additional 2,336 shares in the last quarter. RPG Investment Advisory LLC boosted its position in Johnson Controls International by 19.3% during the 4th quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock valued at $11,330,000 after acquiring an additional 31,759 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Johnson Controls International by 249.8% during the 3rd quarter. Quantbot Technologies LP now owns 23,934 shares of the company’s stock worth $1,274,000 after acquiring an additional 17,091 shares during the period. ANTIPODES PARTNERS Ltd raised its position in shares of Johnson Controls International by 89.4% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock worth $14,632,000 after acquiring an additional 119,844 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in shares of Johnson Controls International by 47.6% in the 3rd quarter. Wealthspire Advisors LLC now owns 4,595 shares of the company’s stock valued at $244,000 after purchasing an additional 1,481 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on JCI shares. Wells Fargo & Company lifted their price target on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Wednesday, January 31st. Citigroup boosted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Barclays decreased their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.00.

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.