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

Johnson Controls International plc (NYSE:JCI) Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Johnson Controls International Trading Up 1.7 %

Shares of NYSE:JCI traded up $1.08 during trading on Tuesday, reaching $64.46. The stock had a trading volume of 5,384,156 shares, compared to its average volume of 5,701,079. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The stock has a market cap of $43.43 billion, a P/E ratio of 26.10, a PEG ratio of 1.59 and a beta of 1.23. The business has a fifty day moving average price of $63.51 and a 200-day moving average price of $57.51. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $70.43.

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

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.30%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Institutional Trading of Johnson Controls International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $25,000. Rise Advisors LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter valued at $25,000. NBC Securities Inc. purchased a new stake in shares of Johnson Controls International during the 3rd quarter valued at $26,000. EdgeRock Capital LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth $27,000. Finally, Hexagon Capital Partners LLC raised its position 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. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Citigroup raised 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. Barclays decreased their target price on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Finally, StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.