Johnson Controls International CFO Sells Shares

On October 21st, Marc Vandiepenbeeck, the Chief Financial Officer of Johnson Controls International plc (NYSE:JCI - Get Free Report), executed a transaction involving the sale of 186 shares of the company's stock. The shares were sold at an average price of $77.47, resulting in a total transaction value of $14,409.42. Following this sale, Vandiepenbeeck now holds 83,330 shares in Johnson Controls, which equates to an approximate value of $6,455,575.10. This transaction represented no change in his overall ownership percentage of the stock.

The details of the sale were disclosed in a filing made with the Securities and Exchange Commission (SEC), and the information is accessible to the public.

In recent months, Marc Vandiepenbeeck has made several other notable transactions involving the sale of Johnson Controls shares:

• On October 3rd, he sold 186 shares at an average price of $76.30, totaling $14,191.80.
• On September 20th, he sold 186 shares at an average price of $73.81, amounting to $13,728.66.
• On September 3rd, another sale of 186 shares took place at an average price of $72.75, for a total of $13,531.50.
• On August 5th, he sold 186 shares at an average price of $65.60, resulting in $12,201.60.

Stock Performance Update

During midday trading on October 21st, shares of Johnson Controls traded down by 0.4%, dropping $0.28 to reach $77.16. A total of 2,546,703 shares changed hands, which is lower compared to its average trading volume of 5,005,813 shares. The company has recently shown a fifty-day simple moving average of $73.12 and a two-hundred-day simple moving average of $69.66. Johnson Controls International's stock has experienced a fifty-two week low of $47.90 and a high of $78.23. Their current ratio stands at 0.96, alongside a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company boasts a market capitalization of approximately $51.54 billion and has a price-to-earnings (P/E) ratio of 32.40.

Recent Earnings and Dividends

Johnson Controls announced its quarterly earnings results on July 31st, reporting an earnings per share (EPS) of $1.14 for the quarter, which surpassed analysts’ expectations of $1.08 by $0.06. The company recorded a net margin of 6.02% and a return on equity of 13.64%. Revenue for the quarter was reported at $7.23 billion, in contrast to analyst estimates of $7.53 billion. When comparing to the same quarter from the prior year, the revenue increased by 1.4%.

Furthermore, Johnson Controls declared a quarterly dividend on October 18th, which was distributed to investors of record on September 25th. Shareholders received a dividend of $0.37 per share, which represents an annualized yield of 1.92% based on a payout ratio of 61.92%.

Institutional Investor Activity

In recent quarters, several institutional investors have adjusted their positions in Johnson Controls. For example, Wolff Wiese Magana LLC increased its stake by 977.3% in the third quarter, owning 474 shares valued at $37,000. Continuum Advisory LLC grew its position by 65.2% in the second quarter, now holding 527 shares worth $35,000.

As a result of these activities, 90.05% of the stock is currently owned by hedge funds and institutional investors.

Analysts' Ratings Changes

Equity analysts have recently revised their outlook on Johnson Controls shares. For instance, StockNews.com changed its rating from "hold" to "buy" this past Friday. Meanwhile, Robert W. Baird also increased their target price from $72.00 to $78.00 while maintaining a "neutral" rating. Morgan Stanley initiated coverage on the stock, providing an “overweight” rating with a target price of $85.00. Other firms have adjusted their prices as well, with Barclays increasing their target to $64.00 and Bank of America raising it significantly to $95.00.

As indicated by MarketBeat.com, the current consensus rating for Johnson Controls is a "Hold" with an average target price of $73.43.

Company Overview

Johnson Controls International plc operates in the engineering and manufacturing sectors, specializing in building products and systems. With subsidiaries across the United States, Europe, and the Asia Pacific, the company is organized into various segments including Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

Conclusion

This news highlights the ongoing activities of the CFO within Johnson Controls and reflects broader market trends surrounding the stock's performance. Investors and analysts will continue to monitor these developments closely.

Johnson, Controls, CFO