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Oliver George, a director at Johnson Controls International plc (NYSE:JCI), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, George sold a total of 200,000 ordinary shares over two days in March, amounting to approximately $15.87 million. The shares were sold at prices ranging from $77.49 to $79.52 per share. The transaction comes as JCI trades near its 52-week high of $91.14, with the stock delivering a robust 25.34% return over the past year. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
The transactions took place on March 12 and March 14, reducing George’s direct ownership to around 1,003,893 shares. Additionally, George holds shares indirectly through the GRO Sr. 5 Year GRAT and the Oliver Family Trust (SLAT), amounting to 108,483 and 69,866 shares, respectively. With a market capitalization of $52.49 billion and a P/E ratio of 30.3x, JCI maintains a FAIR financial health score according to InvestingPro, which offers 8 additional key insights about the company’s performance and prospects in its comprehensive Pro Research Report.
In other recent news, Johnson Controls International plc reported its fiscal first-quarter 2025 earnings and provided updated financial guidance for the second quarter and the full year. The company also announced the appointment of Joakim Weidemanis as the new CEO, effective March 2025, following the Annual General Meeting of Shareholders. This leadership transition comes as George R. Oliver steps down to become Non-Executive Chairman of the Board until July 2025. In a strategic move, Johnson Controls has also reshuffled its top management roles to enhance operational efficiency, with Julie Brandt taking over as Vice President and President of Global Field Operations, and Nathan Manning assuming Brandt’s former role.
UBS analyst Amit Mehrotra recently upgraded Johnson Controls’ stock from Neutral to Buy, raising the price target to $103, citing confidence in the new CEO’s potential to drive profit improvements. Conversely, Melius downgraded the stock from Buy to Hold, adjusting the price target to $95, due to concerns about future price-to-earnings ratios amidst the AI-driven capital expenditure cycle. These mixed analyst assessments reflect differing views on the company’s valuation and strategic direction under new leadership. As Johnson Controls continues to navigate these changes, investors will be closely monitoring the company’s financial performance and strategic initiatives.
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