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 the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $61.25, for a total transaction of $11,392.50. Following the sale, the chief financial officer now owns 44,369 shares in the company, valued at $2,717,601.25. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, April 22nd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $63.70, for a total transaction of $11,848.20.
• On Wednesday, April 3rd, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $65.50, for a total value of $12,183.00.
• On Wednesday, March 20th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The shares were sold at an average price of $63.87, for a total value of $11,879.82.
• On Monday, March 4th, Marc Vandiepenbeeck sold 186 shares of Johnson Controls International stock. The stock was sold at an average price of $60.24, for a total value of $11,204.64.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $62.36 on Friday. The stock’s 50-day moving average is $63.23 and its 200 day moving average is $57.15. The stock has a market cap of $42.01 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.55 and a beta of 1.23. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JCI. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. HSBC downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a report on Wednesday, January 31st. Melius Research restated a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Citigroup increased their price objective on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Oppenheimer reduced their target price on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $64.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Johnson Controls International by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after acquiring an additional 6,247,250 shares during the last quarter. Norges Bank bought a new stake in Johnson Controls International in the 4th quarter worth $316,400,000. Clean Energy Transition LLP purchased a new position in shares of Johnson Controls International in the fourth quarter valued at about $124,553,000. Finally, Capital World Investors raised its stake in shares of Johnson Controls International by 35.6% during the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock valued at $439,341,000 after acquiring an additional 2,001,644 shares during the last quarter. 90.05% of the stock is owned by 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.