Johnson Controls International (NYSE:JCI) VP Sells $3,584,440.19 in Stock

Johnson Controls International plc (NYSE:JCI) VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lei Zhang Schlitz also recently made the following trade(s):

• On Friday, May 8th, Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91.

Johnson Controls International Stock Performance

JCI stock opened at $152.43 on Friday. The firm has a 50 day simple moving average of $143.93 and a 200 day simple moving average of $138.42. Johnson Controls International plc has a 52 week low of $103.07 and a 52 week high of $157.06. The stock has a market cap of $92.33 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI) last released its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. Research analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. Zacks Research raised Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Sanford C. Bernstein initiated coverage on Johnson Controls International in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price target for the company. Jefferies Financial Group raised their price objective on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group lifted their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Citigroup boosted their target price on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average price target of $154.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JCI. State Street Corp increased its stake in shares of Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after purchasing an additional 163,167 shares during the period. Franklin Resources Inc. boosted its stake in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after purchasing an additional 718,245 shares during the period. Fisher Asset Management LLC boosted its stake in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after purchasing an additional 280,704 shares during the period. Invesco Ltd. grew its holdings in Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after buying an additional 1,837,220 shares during the last quarter. Finally, Norges Bank acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $927,739,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.