Raymond James & Associates Grows Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Raymond James & Associates lifted its position in shares of Johnson Controls International plc (NYSE:JCI) by 11.4% during the first quarter, Holdings Channel reports. The institutional investor owned 4,193,698 shares of the company’s stock after purchasing an additional 429,919 shares during the period. Raymond James & Associates’ holdings in Johnson Controls International were worth $273,932,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 10,522,009 shares in the last quarter. Franklin Resources Inc. lifted its stake in 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 purchasing an additional 305,798 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Johnson Controls International by 4.8% in the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock worth $779,768,000 after purchasing an additional 618,120 shares in the last quarter. Invesco Ltd. lifted its stake in Johnson Controls International by 4.7% in the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company’s stock worth $695,094,000 after purchasing an additional 588,724 shares in the last quarter. Finally, Capital World Investors lifted its stake in Johnson Controls International by 35.6% in the 4th quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after purchasing an additional 2,001,644 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Argus cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Royal Bank of Canada decreased their price target on shares of Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, Oppenheimer boosted their target price on shares of Johnson Controls International from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $64.50.

Johnson Controls International Trading Up 1.0 %

NYSE:JCI traded up $0.66 during mid-day trading on Friday, hitting $65.11. 6,408,009 shares of the stock traded hands, compared to its average volume of 4,071,197. The stock has a market capitalization of $44.37 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.63 and a beta of 1.24. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $70.43. The firm’s 50 day moving average is $62.79 and its two-hundred day moving average is $56.92. The company has a quick ratio of 0.73, a current ratio of 0.97 and a debt-to-equity ratio of 0.45.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting 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 net margin of 7.85% and a return on equity of 13.08%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. On average, equities research analysts predict that Johnson Controls International plc will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.27%. Johnson Controls International’s payout ratio is 48.21%.

About Johnson Controls International

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.