Johnson Controls International PLC (JCI) Insider Rodney M. Rushing Sells 29,728 Shares

Johnson Controls International PLC (NYSE:JCI) insider Rodney M. Rushing sold 29,728 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $39.03, for a total transaction of $1,160,283.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE:JCI opened at $39.58 on Monday. The stock has a market cap of $36.13 billion, a P/E ratio of 13.99, a PEG ratio of 1.92 and a beta of 1.06. Johnson Controls International PLC has a 12 month low of $28.30 and a 12 month high of $40.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.85 and a current ratio of 0.95.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.79 billion. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities analysts forecast that Johnson Controls International PLC will post 1.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, March 18th were paid a $0.26 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.04 dividend on an annualized basis and a yield of 2.63%. Johnson Controls International’s dividend payout ratio is currently 36.75%.

Johnson Controls International declared that its Board of Directors has approved a share buyback program on Thursday, March 7th that authorizes the company to repurchase $8.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 26% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

JCI has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Johnson Controls International from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. OTR Global downgraded shares of Johnson Controls International to a “positive” rating in a report on Friday, January 18th. ValuEngine upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Cowen reiterated a “hold” rating and set a $32.00 price target (down from $38.00) on shares of Johnson Controls International in a report on Friday, February 15th. Finally, Wells Fargo & Co upgraded shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.73.

Hedge funds have recently modified their holdings of the business. Kentucky Retirement Systems bought a new position in Johnson Controls International in the 4th quarter worth about $1,192,000. Citizens Financial Group Inc RI grew its stake in Johnson Controls International by 18.8% in the 4th quarter. Citizens Financial Group Inc RI now owns 2,349 shares of the company’s stock worth $70,000 after acquiring an additional 372 shares in the last quarter. Cerebellum GP LLC bought a new position in Johnson Controls International in the 4th quarter worth about $255,000. State of Alaska Department of Revenue grew its stake in Johnson Controls International by 2.8% in the 4th quarter. State of Alaska Department of Revenue now owns 153,773 shares of the company’s stock worth $4,558,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Man Group plc bought a new position in Johnson Controls International in the 3rd quarter worth about $4,064,000. Institutional investors and hedge funds own 90.55% of the company’s stock.

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About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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