Insider Selling: Johnson Controls International PLC (NYSE:JCI) Insider Sells 14,000 Shares of Stock

Johnson Controls International PLC (NYSE:JCI) insider Rodney M. Rushing sold 14,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $44.28, for a total transaction of $619,920.00. Following the completion of the sale, the insider now directly owns 30,767 shares of the company’s stock, valued at approximately $1,362,362.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Johnson Controls International stock traded down $0.26 during trading hours on Friday, reaching $44.04. 2,236,275 shares of the company’s stock were exchanged, compared to its average volume of 4,351,454. Johnson Controls International PLC has a 1 year low of $28.30 and a 1 year high of $44.50. The company has a market capitalization of $35.13 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.29 and a beta of 0.93. The business has a fifty day moving average of $42.14 and a two-hundred day moving average of $39.28. 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 released its earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The business had revenue of $6.45 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Johnson Controls International PLC will post 1.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, September 13th. Johnson Controls International’s payout ratio is 36.75%.

Several equities research analysts recently commented on JCI shares. ValuEngine lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Monday, July 1st. Citigroup started coverage on shares of Johnson Controls International in a report on Wednesday, June 5th. They issued a “buy” rating and a $45.00 price target for the company. Barclays began coverage on shares of Johnson Controls International in a report on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $35.00 in a report on Monday, July 8th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.22.

Several institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its holdings in shares of Johnson Controls International by 13,437.3% in the second quarter. Nuveen Asset Management LLC now owns 3,103,696 shares of the company’s stock valued at $128,213,000 after purchasing an additional 3,080,769 shares during the period. Prudential Financial Inc. lifted its position in Johnson Controls International by 254.1% in the second quarter. Prudential Financial Inc. now owns 3,988,710 shares of the company’s stock valued at $164,774,000 after buying an additional 2,862,413 shares during the last quarter. National Pension Service acquired a new position in Johnson Controls International in the second quarter valued at about $45,311,000. American Century Companies Inc. lifted 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 worth $340,395,000 after purchasing an additional 1,024,248 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 worth $337,655,000 after purchasing an additional 843,858 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Company Profile

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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Insider Buying and Selling by Quarter for Johnson Controls International (NYSE:JCI)

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