Johnson Controls International (NYSE:JCI) VP Todd Grabowski Sells 1,800 Shares of Stock

Johnson Controls International plc (NYSE:JCI) VP Todd Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Johnson Controls International Trading Up 2.5%

NYSE:JCI opened at $147.62 on Wednesday. Johnson Controls International plc has a 12 month low of $100.86 and a 12 month high of $148.70. The firm has a fifty day simple moving average of $139.69 and a 200-day simple moving average of $130.23. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $90.07 billion, a P/E ratio of 26.41, a PEG ratio of 1.56 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The business had revenue of $6.14 billion during the quarter. On average, equities research analysts anticipate that Johnson Controls International plc will post 4.86 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s payout ratio is presently 28.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JCI shares. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday. BNP Paribas Exane started coverage on shares of Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein initiated coverage on shares of Johnson Controls International in a research note on Tuesday. They set an “outperform” rating for the company. Finally, Robert W. Baird boosted their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $152.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Regents Gate Capital LLP raised its position in shares of Johnson Controls International by 17.4% in the third quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock worth $9,472,000 after acquiring an additional 12,774 shares during the period. Elo Mutual Pension Insurance Co raised its position in shares of Johnson Controls International by 23.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock worth $8,249,000 after acquiring an additional 14,354 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in shares of Johnson Controls International in the third quarter worth about $583,000. Nordea Investment Management AB raised its position in shares of Johnson Controls International by 6.7% in the fourth quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after acquiring an additional 142,429 shares during the period. Finally, Kepler Cheuvreux Suisse SA acquired a new position in shares of Johnson Controls International in the third quarter worth about $2,345,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.