Insider Selling: Alex A. Molinaroli Unloads 145,000 Shares of Johnson Controls Stock (JCI)
Johnson Controls (NYSE:JCI) CEO Alex A. Molinaroli sold 145,000 shares of Johnson Controls stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $50.14, for a total value of $7,270,300.00. Following the completion of the sale, the chief executive officer now directly owns 70,871 shares of the company’s stock, valued at approximately $3,553,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Johnson Controls (NYSE:JCI) traded down 0.08% during mid-day trading on Tuesday, hitting $50.01. 1,561,221 shares of the company’s stock traded hands. Johnson Controls has a 1-year low of $34.40 and a 1-year high of $52.50. The stock has a 50-day moving average of $46.61 and a 200-day moving average of $48.21. The company has a market cap of $33.214 billion and a P/E ratio of 24.69.
Johnson Controls (NYSE:JCI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.01. The company had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Johnson Controls will post $3.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, June 4th.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated a “top pick” rating on shares of Johnson Controls in a research note on Thursday, May 22nd. They now have a $61.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Johnson Controls in a research note on Tuesday, May 20th. They now have a $52.00 price target on the stock, down previously from $53.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Johnson Controls in a research note on Thursday, April 24th. They now have a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $64.08.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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