Raymond James Financial Services Advisors Inc. Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,120,275 shares of the company’s stock after acquiring an additional 42,106 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Johnson Controls International were worth $140,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth about $2,774,000. Cerity Partners LLC boosted its stake in shares of Johnson Controls International by 6.5% during the 4th quarter. Cerity Partners LLC now owns 12,905 shares of the company’s stock worth $744,000 after purchasing an additional 785 shares during the last quarter. SVB Wealth LLC boosted its position in shares of Johnson Controls International by 6.7% in the fourth quarter. SVB Wealth LLC now owns 4,761 shares of the company’s stock worth $274,000 after acquiring an additional 297 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Johnson Controls International by 57.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 104,795 shares of the company’s stock worth $6,040,000 after acquiring an additional 38,166 shares during the last quarter. Finally, Xponance Inc. boosted its position in shares of Johnson Controls International by 1.4% in the fourth quarter. Xponance Inc. now owns 89,443 shares of the company’s stock worth $5,155,000 after acquiring an additional 1,274 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 2,892 shares of company stock worth $197,011 over the last 90 days. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of several research analyst reports. StockNews.com raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $74.00 to $68.00 in a research report on Monday, May 6th. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Barclays reduced their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, Oppenheimer lifted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.31.

Johnson Controls International Stock Up 1.7 %

Shares of JCI traded up $1.15 during mid-day trading on Monday, reaching $70.53. 2,881,787 shares of the stock traded hands, compared to its average volume of 5,360,724. The firm has a market cap of $47.51 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.85 and a beta of 1.28. The stock has a fifty day simple moving average of $68.44 and a 200 day simple moving average of $65.47. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $75.36. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Sell-side analysts expect that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were paid a $0.37 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.10%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

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.