Johnson Controls CFO Marc Vandiepenbeeck Sells Shares

On October 21st, 2023, Marc Vandiepenbeeck, the Chief Financial Officer of Johnson Controls International plc (NYSE:JCI - Get Free Report), executed a sale of 186 shares of the company's stock. These 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 83,330 shares of Johnson Controls, valued at approximately $6,455,575.10. This transaction constitutes a 0.00% change in his ownership stake. Additionally, the sale was officially documented in a filing made with the SEC, which can be reviewed through their public resources.

In recent months, Vandiepenbeeck has engaged in several transactions involving Johnson Controls shares:

• On October 3rd, 2023, he sold 186 shares at an average price of $76.30, totaling $14,191.80.
• On September 20th, 2023, he sold another 186 shares at an average price of $73.81, amounting to $13,728.66.
• On September 3rd, 2023, another sale of 186 shares took place at an average price of $72.75 for a total of $13,531.50.
• Earlier on August 5th, 2023, he sold 186 shares at an average price of $65.60, resulting in $12,201.60.

Stock Performance Update

On the day of the CFO's recent sale, Johnson Controls' stock price fell by 0.4%, closing at $77.16. During this trading session, 2,546,703 shares changed hands, which was below the average volume of 5,005,813 shares. Over the past fifty days, the stock has had a simple moving average of $73.12, while it has recorded a 200-day moving average of $69.66. The stock's performance has varied, with a fifty-two week low of $47.90 and a high of $78.23. The company's market capitalization stands at approximately $51.54 billion, with a price-to-earnings (PE) ratio of 32.40 and a price-to-earnings-growth (PEG) ratio of 2.21.

Quarterly Earnings Insights

Johnson Controls recently announced its quarterly earnings results on July 31st, 2023. The company reported earnings per share (EPS) of $1.14, which surpassed analyst expectations of $1.08 by $0.06. The firm exhibited a net margin of 6.02% and a return on equity of 13.64%. However, the revenue for the quarter was reported at $7.23 billion, lower than the anticipated $7.53 billion. In the same quarter last year, the company’s EPS was $1.03, reflecting a 1.4% year-over-year revenue increase. Looking ahead, analysts expect Johnson Controls to deliver an EPS of 3.68 for the current fiscal year.

Dividend Announcement

Johnson Controls has declared a quarterly dividend of $0.37 per share, which was paid on October 18th, 2023, to shareholders on record as of September 25th, 2023. This dividend means an annual payout of $1.48 and represents a yield of 1.92%. The company's dividend payout ratio is currently at 61.92%.

Institutional Investors' Involvement

In recent trading activity, institutional investors have adjusted their positions in Johnson Controls. Notably, Wolff Wiese Magana LLC increased its holdings by a remarkable 977.3% during the third quarter, now owning 474 shares valued at $37,000. Continuum Advisory LLC also expanded its stake by 65.2%, holding 527 shares worth $35,000. Other notable transactions include Friedenthal Financial acquiring new shares, and Hexagon Capital Partners growing its ownership by 39.7%.

Analyst Evaluations

Equities analysts have recently rated Johnson Controls favorably, upgrading the stock from a 'hold' to a 'buy' on certain platforms. Robert W. Baird has raised the target price from $72.00 to $78.00. Morgan Stanley has initiated coverage, assigning an 'overweight' rating with an $85.00 target price. In contrast, Barclays has set a target of $64.00, maintaining an 'equal weight' rating. Overall, market insights categorize the stock with a consensus rating of 'Hold' and a target price averaging $73.43.

About Johnson Controls International

Johnson Controls International plc is involved in creating building products and systems across the globe. They operate in multiple sectors, including engineering, manufacturing, commissioning, and retrofitting building solutions.

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