Johnson Controls CFO Sells Shares: A Closer Look

On October 21st, Marc Vandiepenbeeck, the Chief Financial Officer of Johnson Controls International plc (NYSE:JCI), sold 186 shares of the company’s stock. This sale occurred at an average price of $77.47, culminating in a total transaction of $14,409.42. Post-transaction, Vandiepenbeeck now holds 83,330 shares, which are valued at approximately $6,455,575.10. It's worth noting that this transaction resulted in a 0.00% decrease in his ownership stake.

The details of this transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), making the information accessible to the public.

Recent Share Sales by the CFO

In addition to this latest sale, Marc Vandiepenbeeck has been active in trading shares of Johnson Controls recently:

• On October 3rd, he sold another 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, totaling $13,728.66.
• On September 3rd, another sale of 186 shares occurred at an average price of $72.75, for a total of $13,531.50.
• Previously, on August 5th, he sold 186 shares at $65.60 each, amounting to $12,201.60.

Stock Performance Overview

As of midday trading on October 21st, Johnson Controls stock was down 0.4%, trading at $77.16. The volume of shares exchanged was 2,546,703, significantly lower than the average volume of 5,005,813 shares. The company’s recent performance shows a 50-day simple moving average of $73.12 and a 200-day simple moving average of $69.66. Johnson Controls has a 52-week trading range with a low of $47.90 and a high of $78.23. Key financial ratios include a current ratio of 0.96, a quick ratio of 0.73, and a debt-to-equity ratio of 0.46. The market capitalization stands at approximately $51.54 billion, with a price-to-earnings (PE) ratio of 32.40.

Quarterly Earnings Announcement

On July 31st, Johnson Controls announced its quarterly earnings, reporting earnings per share (EPS) of $1.14, surpassing analysts' expectations of $1.08 by $0.06. The company reported a net margin of 6.02% and a return on equity of 13.64%. Revenue for the quarter was $7.23 billion, although it fell short of analyst forecasts that estimated $7.53 billion. Compared to the same quarter of the previous year, the current revenue reflects a growth of 1.4% with the prior year EPS at $1.03. Analysts predict an EPS of 3.68 for the current fiscal year.

Recent Dividend Declaration

Recently, Johnson Controls declared a quarterly dividend of $0.37 per share, which was paid out on October 18th. Shareholders on record as of September 25th received this dividend, indicating an annualized dividend yield of 1.92%. The company’s dividend payout ratio currently stands at 61.92%.

Institutional Investor Activity

Institutional investors have been actively trading shares of Johnson Controls International. Some notable movements include Wolff Wiese Magana LLC increasing its holding by 977.3% in the third quarter, acquiring 474 shares worth $37,000. Other firms have also reported increases in their positions, highlighting an overall trend where 90.05% of the company’s stock is held by institutional investors and hedge funds.

Analyst Ratings Overview

Recent ratings updates from equity analysts show a mixed outlook on Johnson Controls stock. For instance, StockNews.com raised its rating from "hold" to "buy". Robert W. Baird revised their price target from $72.00 to $78.00, maintaining a neutral stance, while Morgan Stanley placed an "overweight" rating with a target of $85.00. Overall, the consensus among analysts is a "Hold" rating with a consensus target price estimated at $73.43.

Company Profile

Johnson Controls International plc operates in the engineering and manufacturing sectors, providing building products and systems globally. The company is segmented into four main divisions: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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