Johnson Controls (NYSE:JCI) International plc (NYSE:JCI) has reported a recent transaction involving its Executive Vice President and Chief Financial Officer, Marc Vandiepenbeeck. According to the latest filing, Vandiepenbeeck sold 186 ordinary shares of the company at a price of $61.25 per share, totaling $11,392.
The transaction was executed on May 3, 2024, and was carried out under a pre-arranged trading plan that Vandiepenbeeck had adopted on August 8, 2023. This kind of plan, known as a Rule 10b5-1 trading plan, allows company insiders to establish pre-planned transactions at a time when they are not in possession of material non-public information. This enables them to trade their own stock in a pre-determined manner that is compliant with insider trading laws.
Following this sale, Vandiepenbeeck still holds a substantial number of shares in Johnson Controls, with a post-transaction amount of 44,369.25 shares remaining in his possession. The sale represents a minor adjustment to his holdings and is part of the normal course of action for many executives with equity-based compensation.
Investors often monitor insider transactions as they can provide insights into an executive's view of the company's current valuation and future prospects. However, it is important to note that these transactions do not always indicate a change in company fundamentals and can be motivated by a variety of personal financial considerations.
Johnson Controls International plc, headquartered in Cork, Ireland, is a global leader in diversified technology and multi-industrial operations, including air conditioning and heating equipment. The company's stock is traded on the New York Stock Exchange under the ticker symbol JCI.
InvestingPro Insights
Johnson Controls International plc (NYSE:JCI) has displayed a steady financial performance, as reflected in their recent metrics. With a market capitalization of $42.48 billion, the company holds a significant position in the market. The adjusted price-to-earnings (P/E) ratio over the last twelve months as of Q2 2024 stands at 19.61, indicating investor expectations for future earnings growth relative to the current share price. Moreover, the company has shown a gross profit margin of 32.84% during the same period, which highlights its ability to maintain profitability in its operations.
Investors may find comfort in the company's dividend track record. An InvestingPro Tip points out that Johnson Controls has maintained dividend payments for 54 consecutive years, showcasing a long-term commitment to returning value to shareholders. Additionally, the company has raised its dividend for 3 consecutive years, signaling confidence in its financial stability and future prospects. These consistent dividends are a testament to Johnson Controls' ability to generate cash flow and reward its investors, even as 15 analysts have revised their earnings expectations downwards for the upcoming period.
For those seeking further insights and metrics on Johnson Controls, additional InvestingPro Tips are available. For instance, analysts predict the company will remain profitable this year, which is crucial for investors looking for stable returns. The stock's low price volatility is also an important consideration for risk-averse investors. To access more in-depth analysis and tips, consider subscribing to InvestingPro. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and uncover the full range of insights that InvestingPro has to offer, including several more tips related to Johnson Controls.
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