Johnson Controls International plc Ordinary Share (JCI) VP Sells $1,109,360.00 in Stock

Johnson Controls International plc Ordinary Share (NYSE:JCI) VP Jeffrey M. Williams sold 27,734 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $40.00, for a total transaction of $1,109,360.00. Following the sale, the vice president now directly owns 201,961 shares in the company, valued at $8,078,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Johnson Controls International plc Ordinary Share (NYSE:JCI) traded down $1.43 during midday trading on Friday, reaching $38.42. 9,435,100 shares of the company were exchanged, compared to its average volume of 7,764,225. The firm has a market capitalization of $36,880.00, a P/E ratio of 22.47, a PEG ratio of 1.05 and a beta of 0.90. Johnson Controls International plc Ordinary Share has a 52 week low of $34.51 and a 52 week high of $44.70. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.56.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. The company had revenue of $8.14 billion during the quarter, compared to the consensus estimate of $8.10 billion. Johnson Controls International plc Ordinary Share had a net margin of 6.32% and a return on equity of 11.91%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 earnings per share. equities analysts predict that Johnson Controls International plc Ordinary Share will post 2.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 15th. This is an increase from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.71%. Johnson Controls International plc Ordinary Share’s payout ratio is currently 60.82%.

Johnson Controls International plc Ordinary Share declared that its board has initiated a share repurchase plan on Thursday, December 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently weighed in on JCI. Robert W. Baird lowered shares of Johnson Controls International plc Ordinary Share from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $42.00 in a report on Friday. Morgan Stanley set a $48.00 price objective on shares of Johnson Controls International plc Ordinary Share and gave the company an “overweight” rating in a report on Monday, October 2nd. Oppenheimer reissued a “buy” rating and set a $50.00 price objective (down from $52.00) on shares of Johnson Controls International plc Ordinary Share in a report on Tuesday, October 31st. Vertical Research lowered shares of Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.31.

A number of hedge funds and other institutional investors have recently bought and sold shares of JCI. Dodge & Cox raised its position in shares of Johnson Controls International plc Ordinary Share by 83.5% in the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock worth $2,508,431,000 after acquiring an additional 26,319,624 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Johnson Controls International plc Ordinary Share by 144.1% in the second quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock worth $211,505,000 after acquiring an additional 2,879,948 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Johnson Controls International plc Ordinary Share by 31.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock worth $478,855,000 after acquiring an additional 2,812,690 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Johnson Controls International plc Ordinary Share by 5.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 45,423,316 shares of the auto parts company’s stock worth $1,830,106,000 after acquiring an additional 2,537,865 shares during the period. Finally, Capital World Investors raised its position in shares of Johnson Controls International plc Ordinary Share by 4.7% in the second quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock worth $1,838,721,000 after acquiring an additional 1,917,892 shares during the period. Institutional investors own 89.78% of the company’s stock.

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About Johnson Controls International plc Ordinary Share

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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