Simon Quick Advisors LLC Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Simon Quick Advisors LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,195 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Red Spruce Capital LLC lifted its position in shares of Johnson Controls International by 3.5% during the 4th quarter. Red Spruce Capital LLC now owns 31,202 shares of the company’s stock valued at $2,463,000 after acquiring an additional 1,053 shares during the period. Atomi Financial Group Inc. increased its stake in Johnson Controls International by 12.8% in the fourth quarter. Atomi Financial Group Inc. now owns 6,970 shares of the company’s stock valued at $550,000 after purchasing an additional 792 shares in the last quarter. LifePlan Financial LLC raised its holdings in shares of Johnson Controls International by 8.3% during the fourth quarter. LifePlan Financial LLC now owns 4,231 shares of the company’s stock valued at $334,000 after purchasing an additional 324 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Johnson Controls International by 350.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 152,170 shares of the company’s stock worth $12,011,000 after purchasing an additional 118,393 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Johnson Controls International by 82.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,816 shares of the company’s stock valued at $380,000 after buying an additional 2,176 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 647,787 shares of company stock valued at $53,972,452. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Down 0.5 %

Shares of NYSE JCI opened at $81.65 on Friday. The business has a 50-day simple moving average of $81.67 and a two-hundred day simple moving average of $76.12. Johnson Controls International plc has a 52 week low of $52.02 and a 52 week high of $87.16. The company has a market cap of $53.90 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.35 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.81%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Analysts Set New Price Targets

JCI has been the topic of a number of research reports. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company cut their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. UBS Group began coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Bank of America upped their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. 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. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and a consensus price target of $82.53.

Johnson Controls International Company 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.