Johnson Controls International PLC (NYSE:JCI) Insider Sells $596,375.04 in Stock

Johnson Controls International PLC (NYSE:JCI) insider Rodney M. Rushing sold 13,908 shares of Johnson Controls International stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $42.88, for a total value of $596,375.04. Following the sale, the insider now owns 16,767 shares in the company, valued at $718,968.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Johnson Controls International stock traded down $0.03 during midday trading on Friday, reaching $42.82. The stock had a trading volume of 3,610,290 shares, compared to its average volume of 4,226,297. Johnson Controls International PLC has a 12 month low of $28.30 and a 12 month high of $43.30. The firm’s 50-day moving average price is $41.96 and its 200 day moving average price is $39.09. The firm has a market capitalization of $34.10 billion, a PE ratio of 15.13, a P/E/G ratio of 2.29 and a beta of 0.93. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The business had revenue of $6.45 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the business posted $0.81 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that Johnson Controls International PLC will post 1.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, September 13th. Johnson Controls International’s dividend payout ratio is currently 36.75%.

Institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its position in shares of Johnson Controls International by 3.1% during the first quarter. Clearbridge Investments LLC now owns 20,573,292 shares of the company’s stock valued at $759,977,000 after buying an additional 624,079 shares during the period. Geode Capital Management LLC increased its position in shares of Johnson Controls International by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 11,409,138 shares of the company’s stock valued at $337,655,000 after buying an additional 843,858 shares during the period. Northern Trust Corp increased its position in shares of Johnson Controls International by 0.5% during the first quarter. Northern Trust Corp now owns 10,083,588 shares of the company’s stock valued at $372,488,000 after buying an additional 55,031 shares during the period. American Century Companies Inc. increased its position in shares of Johnson Controls International by 12.5% during the first quarter. American Century Companies Inc. now owns 9,214,815 shares of the company’s stock valued at $340,395,000 after buying an additional 1,024,248 shares during the period. Finally, Putnam Investments LLC increased its position in shares of Johnson Controls International by 10.1% during the second quarter. Putnam Investments LLC now owns 6,598,243 shares of the company’s stock valued at $272,573,000 after buying an additional 606,217 shares during the period. Institutional investors and hedge funds own 98.20% of the company’s stock.

A number of research firms have recently commented on JCI. ValuEngine cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Credit Suisse Group began coverage on Johnson Controls International in a research note on Monday, May 13th. They set a “neutral” rating and a $42.00 target price on the stock. Zacks Investment Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, July 1st. Barclays began coverage on Johnson Controls International in a research note on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $31.00 to $35.00 in a research note on Monday, July 8th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $39.30.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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