Johnson Controls (NYSE:JCI) International plc (NYSE:JCI) has reported that its Vice President and Chief Accounting & Tax Officer, Daniel C. McConeghy, has recently sold 9,342 ordinary shares of the company. According to the latest SEC filing, these shares were sold at an average price of $65.50, netting a total of approximately $611,901.
The transactions, all dated May 10, 2024, were part of McConeghy's planned trading activities involving Johnson Controls' securities. The sales occurred in multiple transactions at prices ranging from $65.48 to $65.58. After the sale, McConeghy's direct holdings in the company decreased to 25,378.42 ordinary shares.
On the same day, McConeghy also acquired 7,077 ordinary shares through the exercise of options at a price of $45.69 per share, amounting to a total transaction value of $323,348. These transactions reflect the executive's stock option rights as an employee of Johnson Controls.
Investors often monitor insider buying and selling as it can provide insights into a company's financial health and future prospects. Transactions by high-level executives can be particularly noteworthy, given their in-depth knowledge of the company.
Johnson Controls International plc, with its headquarters in Cork, Ireland, specializes in air conditioning, heating equipment, and refrigeration for commercial and industrial use. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol JCI.
For more detailed information regarding the transactions, including the specific prices and number of shares sold at each price point, the SEC filing and the associated footnotes are available for review.
InvestingPro Insights
Johnson Controls International plc (NYSE:JCI), a leader in the building products industry, has demonstrated a strong performance in the stock market with a significant price uptick over the last six months, showcasing a 29.9% six-month price total return as of the latest data. This robust growth is a testament to the company's solid market position and potentially reflects investor confidence in its long-term prospects.
With a current market capitalization of $44.2 billion, Johnson Controls operates with a moderate level of debt and has maintained a steady dividend payout for an impressive 54 consecutive years. This consistent dividend history, coupled with a recent increase for the third year in a row, provides an attractive dividend yield of 2.25% to its shareholders. These financial metrics are indicative of Johnson Controls' commitment to returning value to its investors and its ability to sustain its dividend payments even amidst market fluctuations.
While some analysts have revised their earnings expectations downwards for the upcoming period, the company's low price volatility and the InvestingPro Tips indicate that Johnson Controls is predicted to remain profitable this year. For investors seeking further insights and additional tips on JCI, there are 11 more InvestingPro Tips available, which can be explored for a deeper analysis of the company's financial health and stock performance. Interested readers can take advantage of a special offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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