Johnson Controls (NYSE:) International plc (NYSE:JCI) Executive Vice President and Chief Financial Officer Marc Vandiepenbeeck sold a total of 186 shares of common stock at a price of $63.70 each, according to the company’s latest filings. The transaction, which occurred on April 22, 2024, resulted in a total value of $11,848.
The sale was conducted according to a pre-determined trading plan that Vandiepenbeeck had adopted on August 8, 2023. Such plans allow company insiders to sell a pre-determined number of shares at a pre-determined time, providing a legal framework for selling shares while avoiding potential charges of dealing in non-public information.
Following the sale, Vandiepenbeeck remains a significant holder of Johnson Controls shares, with 44,315 shares still under his direct ownership. The transaction reflects a routine sale and does not necessarily indicate any material change in the company’s prospects or executive’s confidence in the company’s future.
Investors and market watchers often pay close attention to insider deals, as they can provide insight into how senior executives view the company’s valuation and future performance. However, it is important to note that insider transactions can be motivated by a variety of personal financial considerations and do not always signal a change in company fundamentals.
Johnson Controls, headquartered in Cork, Ireland, is a global leader in building products and technology, integrated solutions and energy storage. The company’s stock is traded on the New York Stock Exchange and is known for its work in commercial and industrial air conditioning, heating equipment, and refrigeration equipment.
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This recent filing provides the latest snapshot of insider transactions at Johnson Controls, giving investors a glimpse into the actions taken by one of its top executives.
Insights on InvestingPro
In the context of recent insider trading activity at Johnson Controls International plc (NYSE:JCI), where Executive Vice President and Chief Financial Officer Marc Vandiepenbeeck sold shares, the company’s financial health and market performance remain key areas of interest for investors . A look at InvestingPro’s real-time data reveals a company with a solid foothold in the market.
With a market capitalization of $44.02 billion, Johnson Controls appears to maintain a solid presence in the industry. The company’s P/E ratio stands at 21.11, suggesting that investors are willing to pay a higher price for earnings, possibly due to future growth expectations. This is further reflected in the adjusted P/E ratio for the trailing twelve months as of Q1 2024, which stands at 16.42, indicating a more favorable valuation when considering the company’s earnings during this period.
Johnson Controls has demonstrated a commitment to shareholder returns, with an InvestingPro tip highlighting that the company has increased its dividend for 3 consecutive years and, impressively, has maintained its dividend payments for 54 consecutive years. Furthermore, the company shows stability with a low PEG ratio of 0.3 over the trailing twelve months as of Q1 2024, suggesting potential undervaluation to its earnings growth rate.
For those looking to do a more in-depth analysis, there are additional tips from InvestingPro that could provide additional insights into Johnson Controls’ performance and prospects. For example, the company’s shares generally trade with low price volatility and have seen a strong return over the past three months. In total, 10 InvestingPro Tips for Johnson Controls are listed, which you can access for a more comprehensive investment evaluation.
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