Johnson Controls International plc (NYSE:JCI) CEO Sells $14,264,991.00 in Stock

Johnson Controls International plc (NYSE:JCI) CEO George Oliver sold 170,430 shares of Johnson Controls International stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $83.70, for a total transaction of $14,264,991.00. Following the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $97,677,230.40. This trade represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 25th, George Oliver sold 10,304 shares of Johnson Controls International stock. The shares were sold at an average price of $84.14, for a total transaction of $866,978.56.
• On Wednesday, November 20th, George Oliver sold 224,152 shares of Johnson Controls International stock. The stock was sold at an average price of $82.72, for a total transaction 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 shares were 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 stock was sold at an average price of $72.67, for a total value of $8,038,392.05.

Johnson Controls International Stock Up 0.5 %

Shares of Johnson Controls International stock opened at $83.75 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 52-week low of $51.70 and a 52-week high of $87.16. The company has a market capitalization of $55.46 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.33 and a beta of 1.29. The company has a 50 day moving average of $78.57 and a 200 day moving average of $72.74.

Johnson Controls International Announces Dividend

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

Institutional Trading of Johnson Controls International

Institutional investors have recently modified their holdings of the stock. Industrial Alliance Investment Management Inc. increased its holdings in shares of Johnson Controls International by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,500 shares of the company’s stock valued at $359,000 after acquiring an additional 231 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Johnson Controls International by 3.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 14,210 shares of the company’s stock valued at $928,000 after purchasing an additional 438 shares during the period. California State Teachers Retirement System raised its holdings in shares of Johnson Controls International by 1.5% in the first quarter. California State Teachers Retirement System now owns 1,139,586 shares of the company’s stock valued at $74,438,000 after buying an additional 16,707 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of Johnson Controls International during the first quarter worth about $7,900,000. Finally, LRI Investments LLC acquired a new stake in shares of Johnson Controls International during the first quarter worth about $165,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JCI shares. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America lifted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Robert W. Baird increased their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer lifted their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.