Johnson Controls International plc (NYSE:JCI) VP Sells $1,546,950.00 in Stock

Johnson Controls International plc (NYSE:JCI) VP Anuruddha Rathninde sold 15,000 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the sale, the vice president now directly owns 42,574 shares of the company’s stock, valued at $4,390,656.62. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $103.81 on Monday. The firm has a market capitalization of $68.31 billion, a P/E ratio of 39.62, a PEG ratio of 1.96 and a beta of 1.33. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $103.84. The business has a 50-day moving average of $87.90 and a 200-day moving average of $84.20. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. On average, equities analysts anticipate 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 Thursday, April 17th. Shareholders of record on Monday, March 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.43%. Johnson Controls International’s dividend payout ratio is presently 39.47%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Barclays raised their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Oppenheimer raised their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Morgan Stanley raised their price target on Johnson Controls International from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, Citigroup dropped their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Johnson Controls International during the first quarter worth about $13,766,000. Acadian Asset Management LLC bought a new position in Johnson Controls International during the first quarter worth about $55,000. Belpointe Asset Management LLC lifted its holdings in Johnson Controls International by 99.9% during the first quarter. Belpointe Asset Management LLC now owns 7,116 shares of the company’s stock worth $570,000 after acquiring an additional 3,557 shares in the last quarter. Focus Partners Wealth lifted its holdings in Johnson Controls International by 15.4% during the first quarter. Focus Partners Wealth now owns 29,052 shares of the company’s stock worth $2,328,000 after acquiring an additional 3,881 shares in the last quarter. Finally, Integrity Alliance LLC. bought a new position in Johnson Controls International during the first quarter worth about $223,000. 90.05% of the stock is currently owned by 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.