Johnson Controls International plc (NYSE:JCI) CEO Sells $866,978.56 in Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 10,304 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.14, for a total transaction of $866,978.56. Following the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $98,190,706.88. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

George Oliver also recently made the following trade(s):

• On Friday, November 22nd, George Oliver sold 170,430 shares of Johnson Controls International stock. The stock was sold at an average price of $83.70, for a total transaction of $14,264,991.00.
• On Wednesday, November 20th, George Oliver sold 224,152 shares of Johnson Controls International stock. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44.
• On Friday, November 15th, George Oliver sold 110,616 shares of Johnson Controls International stock. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60.
• On Tuesday, October 15th, George Oliver sold 110,615 shares of Johnson Controls International stock. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85.
• On Monday, September 16th, George Oliver sold 110,615 shares of Johnson Controls International stock. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $83.71 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a 1 year low of $51.70 and a 1 year high of $87.16. The firm has a market capitalization of $55.43 billion, a PE ratio of 32.96, a P/E/G ratio of 2.33 and a beta of 1.29. The business’s 50 day moving average price is $78.78 and its 200-day moving average price is $72.82.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Institutional Investors Weigh In On Johnson Controls International

A number of hedge funds have recently modified their holdings of JCI. Peapack Gladstone Financial Corp grew its stake in Johnson Controls International by 8.6% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company’s stock valued at $751,000 after acquiring an additional 763 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Johnson Controls International by 27.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company’s stock worth $17,384,000 after purchasing an additional 48,416 shares during the last quarter. Sfmg LLC acquired a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $210,000. World Investment Advisors LLC purchased a new stake in shares of Johnson Controls International in the third quarter valued at approximately $5,361,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of Johnson Controls International by 17.8% in the third quarter. Sanctuary Advisors LLC now owns 122,179 shares of the company’s stock valued at $10,196,000 after purchasing an additional 18,452 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Mizuho increased their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Morgan Stanley initiated coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Royal Bank of Canada raised their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, UBS Group started coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.21.

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.