Nathan D. Manning Sells 1,422 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Johnson Controls International plc (NYSE:JCI - Get Free Report) VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total transaction of $149,054.04. Following the sale, the vice president owned 141,860 shares of the company's stock, valued at $14,869,765.20. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Johnson Controls International Trading Up 1.4%

Shares of JCI traded up $1.48 during mid-day trading on Friday, reaching $106.55. The company had a trading volume of 2,981,953 shares, compared to its average volume of 4,322,658. The stock has a market cap of $70.11 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. The firm has a fifty day simple moving average of $98.79 and a 200-day simple moving average of $87.03. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $106.96. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the firm posted $0.78 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its board has initiated a stock buyback program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 13.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's dividend payout ratio is presently 39.47%.

Analysts Set New Price Targets

Several research firms recently issued reports on JCI. Morgan Stanley increased their price target on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and increased their price target for the stock from $101.00 to $112.00 in a report on Monday, May 12th. UBS Group reissued a "buy" rating and set a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a report on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.88.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its holdings in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company's stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new position in Johnson Controls International during the 1st quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock worth $28,000 after acquiring an additional 155 shares in the last quarter. Activest Wealth Management grew its holdings in Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 133 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Johnson Controls International during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

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.