Nations Financial Group Inc. IA ADV Acquires Shares of 4,178 Johnson Controls International plc (NYSE:JCI)

Nations Financial Group Inc. IA ADV acquired a new stake in Johnson Controls International plc (NYSE:JCI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,178 shares of the company’s stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Continuum Advisory LLC boosted its stake in Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International in the 3rd quarter worth $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International during the 2nd quarter worth about $47,000. 90.05% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 226,141 shares of company stock valued at $16,904,519. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JCI. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America increased their target price 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. Royal Bank of Canada increased their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, Mizuho increased their price target 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. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Price Performance

JCI stock opened at $85.12 on Friday. The company has a fifty day moving average price of $76.20 and a 200-day moving average price of $71.42. The company has a market capitalization of $56.86 billion, a P/E ratio of 33.51, a PEG ratio of 2.38 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $51.40 and a 52-week high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 58.27%.

Johnson Controls International 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.