Nations Financial Group Inc. IA ADV Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Nations Financial Group Inc. IA ADV purchased a new position in Johnson Controls International plc (NYSE:JCI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,178 shares of the company’s stock, valued at approximately $324,000.

A number of other large investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in Johnson Controls International in the third quarter worth $61,000. Los Angeles Capital Management LLC grew its holdings in Johnson Controls International by 1,350.3% in the third quarter. Los Angeles Capital Management LLC now owns 49,498 shares of the company’s stock worth $3,842,000 after purchasing an additional 46,085 shares during the period. River Global Investors LLP grew its holdings in Johnson Controls International by 4.3% in the third quarter. River Global Investors LLP now owns 41,191 shares of the company’s stock worth $3,196,000 after purchasing an additional 1,700 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Johnson Controls International by 9.9% in the third quarter. Crossmark Global Holdings Inc. now owns 33,777 shares of the company’s stock worth $2,622,000 after purchasing an additional 3,051 shares during the period. Finally, Mayflower Financial Advisors LLC acquired a new stake in Johnson Controls International in the third quarter worth $235,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,141 shares of company stock valued at $16,904,519. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $85.12 on Friday. The firm has a market cap of $56.86 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.38 and a beta of 1.29. 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 plc has a 52 week low of $51.40 and a 52 week high of $87.16. The firm’s 50-day simple moving average is $76.20 and its two-hundred day simple moving average is $71.42.

Johnson Controls International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group assumed coverage on shares of Johnson Controls International in a report on Wednesday. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.21.

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.