Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren Sells 4,000 Shares of Stock

Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the transaction, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Johnson Controls International Stock Performance

NYSE:JCI opened at $64.46 on Wednesday. The stock has a 50-day moving average price of $63.51 and a 200 day moving average price of $57.51. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43. The stock has a market capitalization of $43.43 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.59 and a beta of 1.23.

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 firm 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 company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equities research analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at about $25,000. Rise Advisors LLC bought a new position in Johnson Controls International in the first quarter worth approximately $25,000. NBC Securities Inc. purchased a new position in Johnson Controls International during the 3rd quarter worth $26,000. EdgeRock Capital LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $27,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after buying an additional 268 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on JCI. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Citigroup upped their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $74.00 to $68.00 in a research report on Monday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.75.

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.