Nathan D. Manning Sells 3,000 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI) COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the transaction, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $1.08 during midday trading on Tuesday, hitting $64.46. 5,384,156 shares of the company traded hands, compared to its average volume of 5,701,079. The firm’s fifty day moving average price is $63.41 and its 200-day moving average price is $57.40. The stock has a market cap of $43.43 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $70.43.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate 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 revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a dividend yield of 2.30%. Johnson Controls International’s payout ratio is 59.92%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Melius Research reiterated a “hold” rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Royal Bank of Canada lowered their target price on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. Wells Fargo & Company boosted their price target on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Citigroup increased their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.75.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds have recently made changes to their positions in JCI. Vanguard Group Inc. grew its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after acquiring an additional 10,522,009 shares during the period. Bank of New York Mellon Corp grew its stake in 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 during the period. Norges Bank bought a new stake in Johnson Controls International in the fourth quarter worth approximately $316,400,000. Clean Energy Transition LLP acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $124,553,000. Finally, Capital World Investors boosted its holdings in shares of Johnson Controls International by 35.6% during the 4th quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after buying an additional 2,001,644 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.