Nathan D. Manning Sells 1,167 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $66.85 on Thursday. The business’s fifty day moving average price is $68.28 and its 200 day moving average price is $62.45. The stock has a market capitalization of $45.04 billion, a P/E ratio of 27.06, a PEG ratio of 1.73 and a beta of 1.28. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $74.23. 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 (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, research analysts anticipate that Johnson Controls International plc will post 3.59 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, June 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Analyst Ratings Changes

JCI has been the subject of several recent research reports. Wells Fargo & Company raised their price target on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Citigroup raised their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Barclays raised their price objective on Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, June 21st. Finally, Oppenheimer raised their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.82.

Institutional Trading of Johnson Controls International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marcum Wealth LLC increased its position in shares of Johnson Controls International by 20.2% during the second quarter. Marcum Wealth LLC now owns 3,716 shares of the company’s stock worth $247,000 after acquiring an additional 624 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Johnson Controls International by 25.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,864 shares of the company’s stock valued at $124,000 after buying an additional 374 shares during the last quarter. First Hawaiian Bank increased its holdings in Johnson Controls International by 10.3% in the second quarter. First Hawaiian Bank now owns 75,471 shares of the company’s stock valued at $5,017,000 after buying an additional 7,039 shares during the last quarter. GAMMA Investing LLC increased its holdings in Johnson Controls International by 64.4% in the second quarter. GAMMA Investing LLC now owns 7,852 shares of the company’s stock valued at $522,000 after buying an additional 3,077 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in Johnson Controls International by 28.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,442 shares of the company’s stock valued at $295,000 after buying an additional 994 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.