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

Key Points

• Nathan D. Manning, Vice President of Johnson Controls International, sold 1,422 shares at an average price of $103.69, equating to a total of $147,447, which resulted in a 1% decrease in their position.
• Johnson Controls International reported a quarterly EPS of $1.05, exceeding analyst estimates of $0.99, with revenue of $6.05 billion surpassing projections of $5.99 billion.
• The company has initiated a $9.00 billion share repurchase plan that will allow it to buy back up to 13.4% of its stock, indicating confidence in its value from the board of directors.

Johnson Controls International plc (NYSE:JCI - Get Free Report) VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $103.69, for a total transaction of $147,447.18. Following the sale, the vice president directly owned 140,881 shares of the company's stock, valued at $14,607,950.89. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Johnson Controls International Trading Down 0.1%

JCI traded down $0.09 during trading on Monday, hitting $106.40. The company's stock had a trading volume of 3,107,443 shares, compared to its average volume of 4,712,811. The firm has a market capitalization of $70.01 billion, a P/E ratio of 31.57, a PEG ratio of 1.91 and a beta of 1.30. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $112.63. The stock's fifty day moving average price is $104.82 and its 200-day moving average price is $91.00. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.99 billion. Analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.48 annualized dividend and a yield of 1.4%. Johnson Controls International's dividend payout ratio (DPR) is presently 43.92%.

Johnson Controls International declared that its board has initiated a share repurchase plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds have recently added to or reduced their stakes in JCI. Vanguard Group Inc. raised its holdings in shares of Johnson Controls International by 0.4% in the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company's stock valued at $5,483,104,000 after purchasing an additional 288,576 shares during the last quarter. Invesco Ltd. boosted its holdings in Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company's stock worth $591,078,000 after acquiring an additional 178,169 shares during the period. Northern Trust Corp boosted its position in Johnson Controls International by 18.1% in the fourth quarter. Northern Trust Corp now owns 6,690,781 shares of the company's stock worth $528,103,000 after purchasing an additional 1,026,623 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Johnson Controls International by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company's stock valued at $509,024,000 after purchasing an additional 185,476 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JCI. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Royal Bank Of Canada boosted their price objective on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and lifted their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of "Hold" and an average target price of $105.17.

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.

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