Raymond James Financial Services Advisors Inc. Acquires 252,976 Shares of Johnson Controls International plc (NYSE:JCI)

Raymond James Financial Services Advisors Inc. raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 13.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,078,169 shares of the company’s stock after acquiring an additional 252,976 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Johnson Controls International were worth $135,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after acquiring an additional 10,522,009 shares during the period. Franklin Resources Inc. grew its position in shares of Johnson Controls International by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock worth $946,411,000 after buying an additional 305,798 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Johnson Controls International by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock worth $779,768,000 after acquiring an additional 618,120 shares in the last quarter. Invesco Ltd. lifted its position in Johnson Controls International by 4.7% during the third quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock valued at $695,094,000 after acquiring an additional 588,724 shares during the last quarter. Finally, Capital World Investors boosted its stake in Johnson Controls International by 35.6% in the fourth quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock valued at $439,341,000 after acquiring an additional 2,001,644 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Wells Fargo & Company upped their target price on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup raised their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Barclays upped their price objective on shares of Johnson Controls International from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Finally, HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.50.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded down $0.26 during trading on Tuesday, hitting $65.05. 5,314,710 shares of the company’s stock were exchanged, compared to its average volume of 5,534,330. The stock has a market capitalization of $44.33 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.63 and a beta of 1.24. The business has a 50-day simple moving average of $63.13 and a 200-day simple moving average of $57.11. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. On average, research analysts forecast that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 48.21%.

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.