George Oliver Sells 11,481 Shares of Johnson Controls International PLC (NYSE:JCI) Stock

Johnson Controls International PLC (NYSE:JCI) CEO George Oliver sold 11,481 shares of Johnson Controls International stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $38.90, for a total value of $446,610.90. Following the transaction, the chief executive officer now owns 870,354 shares of the company’s stock, valued at approximately $33,856,770.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, May 1st, George Oliver sold 11,425 shares of Johnson Controls International stock. The shares were sold at an average price of $39.53, for a total value of $451,630.25.

Shares of NYSE:JCI traded up $0.78 during mid-day trading on Friday, reaching $41.31. The company had a trading volume of 5,195,939 shares, compared to its average volume of 10,651,930. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $36.40 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a 50-day simple moving average of $39.35. Johnson Controls International PLC has a one year low of $28.30 and a one year high of $41.40.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.79 billion. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. Johnson Controls International’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, equities analysts expect that Johnson Controls International PLC will post 1.92 EPS for the current fiscal year.

Johnson Controls International announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 7th that allows the company to buyback $8.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 26% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, June 24th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.52%. Johnson Controls International’s payout ratio is 36.75%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, May 20th. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Thursday, May 9th. Barclays assumed coverage on Johnson Controls International in a research note on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 target price on the stock. Credit Suisse Group assumed coverage on Johnson Controls International in a research note on Monday, May 13th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, Citigroup assumed coverage on Johnson Controls International in a research note on Wednesday, June 5th. They issued a “buy” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Johnson Controls International currently has an average rating of “Hold” and an average price target of $39.64.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc increased its holdings in shares of Johnson Controls International by 1.3% in the third quarter. Vanguard Group Inc now owns 67,459,746 shares of the company’s stock worth $2,361,091,000 after purchasing an additional 857,281 shares during the period. BlackRock Inc. increased its holdings in shares of Johnson Controls International by 4.3% in the fourth quarter. BlackRock Inc. now owns 62,579,756 shares of the company’s stock worth $1,855,489,000 after purchasing an additional 2,602,524 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Johnson Controls International by 3.1% in the first quarter. Clearbridge Investments LLC now owns 20,573,292 shares of the company’s stock worth $759,977,000 after purchasing an additional 624,079 shares during the period. Geode Capital Management LLC increased its holdings in shares of Johnson Controls International by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 11,409,138 shares of the company’s stock worth $337,655,000 after purchasing an additional 843,858 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Johnson Controls International by 0.5% in the first quarter. Northern Trust Corp now owns 10,083,588 shares of the company’s stock worth $372,488,000 after purchasing an additional 55,031 shares during the period. 91.01% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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