Simmons Bank Buys New Shares in Johnson Controls International plc (NYSE:JCI)

Simmons Bank purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,899 shares of the company’s stock, valued at approximately $225,000.

Other large investors also recently modified their holdings of the company. Capital World Investors boosted its position in Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Johnson Controls International by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after buying an additional 479,548 shares during the last quarter. Raymond James & Associates grew its stake in shares of Johnson Controls International by 5.6% in the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after buying an additional 249,405 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after acquiring an additional 3,880,146 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Johnson Controls International by 2.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock valued at $159,660,000 after acquiring an additional 59,274 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,615 shares of the firm’s 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 sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This trade represents a 8.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s 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 transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 226,141 shares of company stock valued at $16,904,519. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $85.12 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market cap of $56.86 billion, a PE ratio of 33.51, a P/E/G ratio of 2.39 and a beta of 1.29. Johnson Controls International plc has a 12-month low of $51.40 and a 12-month high of $87.16. The business’s 50-day moving average price is $76.20 and its two-hundred day moving average price is $71.42.

Johnson Controls International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JCI. UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday. They set a “neutral” rating and a $90.00 price target on the stock. Bank of America increased their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Finally, Oppenheimer upped their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.