Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck Sells 186 Shares

Johnson Controls International plc (NYSE:JCI) CFO Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock in a transaction on Friday, September 20th. The shares were sold at an average price of $73.81, for a total transaction of $13,728.66. Following the completion of the sale, the chief financial officer now owns 83,702 shares of the company’s stock, valued at approximately $6,178,044.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Marc Vandiepenbeeck also recently made the following trade(s):

• On Tuesday, September 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $72.75, for a total transaction of $13,531.50.
• On Monday, August 5th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $65.60, for a total transaction of $12,201.60.
• On Monday, July 22nd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $69.64, for a total value of $12,953.04.
• On Wednesday, July 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $66.15, for a total value of $12,303.90.

Johnson Controls International Stock Performance

NYSE:JCI opened at $74.10 on Friday. The business’s fifty day moving average is $69.95 and its 200 day moving average is $67.74. The firm has a market cap of $49.92 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.91 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $75.36.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Research analysts predict that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s payout ratio is 59.92%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JCI. Vanguard Group Inc. grew its position in Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after buying an additional 10,522,009 shares in the last quarter. Capital World Investors boosted its position in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Johnson Controls International by 95.9% during the first quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after purchasing an additional 3,880,146 shares in the last quarter. Finally, Clean Energy Transition LLP purchased a new stake in Johnson Controls International in the fourth quarter valued at approximately $124,553,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JCI shares. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Oppenheimer lifted their target price on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. The Goldman Sachs Group increased their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $80.00 in a research note on Tuesday, September 10th. Finally, StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.21.

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.