Johnson Controls International CFO Marc Vandiepenbeeck Sells Shares

On October 21st, Marc Vandiepenbeeck, the Chief Financial Officer of Johnson Controls International plc (NYSE:JCI), sold 186 shares of the company’s stock. The average price at which the shares were sold was $77.47, resulting in a total transaction value of $14,409.42. After this sale, Vandiepenbeeck directly holds 83,330 shares of Johnson Controls, amounting to a value of approximately $6,455,575.10. This sale represented a negligible decrease in his ownership of the company's stock, at 0.00%. The details of this transaction were disclosed in a filing with the Securities and Exchange Commission (SEC).

Recent Trading Activity by the CFO

Marc Vandiepenbeeck has been active in trading shares of Johnson Controls International recently. On October 3rd, he sold another 186 shares at an average price of $76.30, totaling $14,191.80. Prior to that, on September 20th, he sold 186 shares for an average price of $73.81, bringing in $13,728.66. Earlier in September, he continued this trend by selling shares on the 3rd for an average price of $72.75, equating to $13,531.50. Additionally, on August 5th, he sold a similar number of shares for an average price of $65.60, totaling $12,201.60.

Current Stock Performance

As of October 21st, the stock price of Johnson Controls International decreased by 0.4%, closing at $77.16 during midday trading. A total of 2,546,703 shares were traded that day, which is lower than the average trading volume of 5,005,813. The stock has shown significant movement within the last year, with a fifty-two week low of $47.90 and a high of $78.23. The company has a market capitalization of $51.54 billion and a PE ratio of 32.40, indicating its stock market valuation.

Recent Earnings Reports

Johnson Controls International's latest quarterly earnings were announced on July 31st, where the company reported an earnings per share (EPS) of $1.14, surpassing the analysts' expectations of $1.08. Their revenue for the quarter amounted to $7.23 billion, although it fell short of the estimated $7.53 billion. This reflects a 1.4% increase in revenue compared to the same period last year.

Dividend Announcement

The company also declared a quarterly dividend of $0.37 per share, which was paid out on October 18th. Shareholders who were on record as of September 25th received this dividend. This results in an annualized dividend of $1.48, yielding approximately 1.92% based on the current stock price. The dividend payout ratio is currently at 61.92%.

Institutional Investor Activities

Recently, several institutional investors have made significant moves regarding their shares in Johnson Controls. For instance, Wolff Wiese Magana LLC increased its holdings by an impressive 977.3% during the third quarter, now owning 474 shares worth $37,000 after acquiring an additional 430 shares. Other firms like Continuum Advisory LLC and Friedenthal Financial have also raised their positions in the company, indicating strong interest among institutional investors. Currently, institutional and hedge fund investors own 90.05% of the stock.

Analyst Recommendations

Analysts have varied opinions on the future performance of Johnson Controls. Recently, StockNews.com upgraded their rating from "hold" to "buy". Robert W. Baird raised its target price to $78.00, rating the stock as "neutral." Morgan Stanley and Barclays have provided positive outlooks as well, with various target price increases announced in recent months, showing cautious optimism about the company’s stock performance.

About Johnson Controls International

Johnson Controls International plc provides engineering, manufacturing, and retrofitting solutions for building products and systems. It operates in several regions, including North America, Europe, and Asia, and consists of four primary business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

Johnson, Controls, Finance