John Donofrio Sells 14,253 Shares of Johnson Controls International plc (NYSE:JCI) Stock

Posted by Defense World Staff on May 12th, 2023

Johnson Controls International plc (NYSE:JCI – Get Rating) VP John Donofrio sold 14,253 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $63.02, for a total value of $898,224.06. Following the completion of the sale, the vice president now owns 37,090 shares of the company’s stock, valued at approximately $2,337,411.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Johnson Controls International Stock Down 0.4 %

Shares of NYSE:JCI opened at $62.06 on Friday. The stock has a market capitalization of $42.58 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.30 and a beta of 1.22. The stock has a fifty day simple moving average of $59.62 and a two-hundred day simple moving average of $63.05. Johnson Controls International plc has a 12-month low of $45.52 and a 12-month high of $69.60. The company has a current ratio of 1.03, a quick ratio of 0.78 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI – Get Rating) last posted its earnings results on Friday, May 5th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $6.69 billion during the quarter, compared to analyst estimates of $6.51 billion. Johnson Controls International had a return on equity of 13.07% and a net margin of 5.33%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. On average, research analysts anticipate that Johnson Controls International plc will post 3.56 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Monday, March 20th were issued a $0.36 dividend. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.32%. Johnson Controls International’s dividend payout ratio (DPR) is presently 71.64%.

Institutional Trading of Johnson Controls International

Institutional investors and hedge funds have recently modified their holdings of the business. Canton Hathaway LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth $26,000. Elequin Securities LLC bought a new stake in shares of Johnson Controls International in the fourth quarter worth $33,000. Salem Investment Counselors Inc. grew its holdings in shares of Johnson Controls International by 152.4% in the first quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after acquiring an additional 355 shares during the period. Strengthening Families & Communities LLC grew its holdings in shares of Johnson Controls International by 47.2% in the first quarter. Strengthening Families & Communities LLC now owns 627 shares of the company’s stock worth $38,000 after acquiring an additional 201 shares during the period. Finally, High Net Worth Advisory Group LLC bought a new stake in shares of Johnson Controls International in the first quarter worth $46,000. Institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JCI shares. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $70.00 to $72.00 in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on Johnson Controls International from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 12th. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Monday. Oppenheimer lowered their target price on Johnson Controls International from $76.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. Finally, Wells Fargo & Company lowered their target price on Johnson Controls International from $69.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average price target of $69.31.

About Johnson Controls International

(Get Rating)

Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.