Johnson Controls International Sees Unusually High Options Volume (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 19,207 call options on the stock. This represents an increase of 1,963% compared to the typical daily volume of 931 call options.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,141 shares of company stock worth $16,904,519. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Several institutional investors have recently bought and sold shares of the company. Metis Global Partners LLC boosted its stake in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company's stock valued at $2,208,000 after acquiring an additional 127 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Johnson Controls International by 3.5% in the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company's stock worth $334,000 after buying an additional 144 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company's stock worth $248,000 after buying an additional 163 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company's stock worth $1,320,000 after buying an additional 163 shares during the last quarter. Finally, Berry Wealth Group LP raised its holdings in shares of Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company's stock worth $2,016,000 after buying an additional 177 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Mizuho increased their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Morgan Stanley assumed coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an "overweight" rating and a $85.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Johnson Controls International presently has an average rating of "Hold" and a consensus target price of $77.21.

Johnson Controls International Stock Down 0.7 %

Shares of NYSE JCI traded down $0.59 during midday trading on Thursday, reaching $85.12. 3,545,167 shares of the company's stock traded hands, compared to its average volume of 4,932,619. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock's 50 day simple moving average is $76.20 and its 200-day simple moving average is $71.42. Johnson Controls International has a one year low of $51.40 and a one year high of $87.16. The company has a market cap of $56.86 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 2.38 and a beta of 1.29.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.74%. Johnson Controls International's dividend payout ratio (DPR) is 58.27%.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.