CFO Marc Vandiepenbeeck Sells 186 Shares of Johnson Controls International

On October 21st, CFO Marc Vandiepenbeeck conducted a transaction in which he sold 186 shares of Johnson Controls International plc (NYSE:JCI) stock. The shares were sold at an average price of $77.47, resulting in a total transaction value of $14,409.42. After this sale, Vandiepenbeeck now holds a total of 83,330 shares in the company, which are currently valued at around $6,455,575.10. This trade represented no change in the percentage of ownership he holds in the company.

Recent Trading Activity by CFO Marc Vandiepenbeeck

In addition to the recent sale, Vandiepenbeeck has engaged in several other transactions involving Johnson Controls stock. On October 3rd, he sold another 186 shares at an average price of $76.30, totaling $14,191.80. Earlier, on September 20th, he sold 186 shares for an average price of $73.81, bringing in $13,728.66. On September 3rd, another sale of 186 shares occurred at an average of $72.75, totaling $13,531.50, and on August 5th, he sold 186 shares for an average price of $65.60, resulting in $12,201.60.

Market Performance of Johnson Controls International

Johnson Controls International’s stock traded down by 0.4% during midday trading on October 21st, with the price at $77.16. A total of 2,546,703 shares were traded, compared to an average trading volume of 5,005,813 shares. The company holds a fifty-day simple moving average of $73.12 and a two-hundred day simple moving average of $69.66, with a low of $47.90 and a high of $78.23 over the past fifty-two weeks. The current debt-to-equity ratio stands at 0.46, while the company has a market capitalization of $51.54 billion and a PE ratio of 32.40.

Recent Earnings Report

On July 31st, Johnson Controls International released its quarterly earnings report where it reported an EPS of $1.14, surpassing the consensus estimate of $1.08 by $0.06. The company recorded a net margin of 6.02% and a return on equity of 13.64%. Total revenue for the quarter was $7.23 billion, slightly below the analyst expectations of $7.53 billion, and representing a 1.4% increase compared to the same quarter last year. Analysts predict that for the current fiscal year, the earnings per share will reach approximately 3.68.

Dividend Announcement

Furthermore, Johnson Controls International announced a quarterly dividend which was paid on October 18th, with a dividend of $0.37 per share for investors of record as of September 25th. This equates to an annualized dividend of $1.48, which gives a yield of 1.92%. The current dividend payout ratio stands at 61.92%.

Institutional Investor Activities

Recent activities of institutional investors also show a growing interest in Johnson Controls International. For instance, Wolff Wiese Magana LLC increased its position by 977.3% during the third quarter, acquiring additional shares. Continuum Advisory LLC and Friedenthal Financial also reported significant increases in their positions. Currently, institutional investors and hedge funds own approximately 90.05% of the company's stock.

Analyst Ratings and Updates

Several analysts have recently updated their ratings on Johnson Controls International. StockNews.com upgraded the stock from a 'hold' to a 'buy' rating. Robert W. Baird raised their target price from $72.00 to $78.00 with a 'neutral' rating. Morgan Stanley initiated coverage with an 'overweight' rating and a target price of $85.00.

Johnson, Stocks, Sale