Johnson Controls International PLC (JCI) Position Lifted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in Johnson Controls International PLC (NYSE:JCI) by 11.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,573 shares of the auto parts company’s stock after acquiring an additional 17,630 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Johnson Controls International PLC were worth $7,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new position in Johnson Controls International PLC in the first quarter valued at approximately $100,000. Bessemer Group Inc. lifted its holdings in Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 133 shares during the last quarter. Harfst & Associates Inc. lifted its holdings in Johnson Controls International PLC by 16.9% in the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 389 shares during the last quarter. Grove Bank & Trust lifted its holdings in Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after acquiring an additional 985 shares during the last quarter. Finally, First PREMIER Bank lifted its holdings in Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after acquiring an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

A number of research firms have commented on JCI. Zacks Investment Research cut Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Morgan Stanley restated an “overweight” rating and set a $51.00 price target (up from $50.00) on shares of Johnson Controls International PLC in a research note on Monday, July 10th. JMP Securities began coverage on Johnson Controls International PLC in a research note on Monday, June 19th. They set an “outperform” rating and a $54.00 price target on the stock. Robert W. Baird restated a “buy” rating and set a $50.00 price target on shares of Johnson Controls International PLC in a research note on Monday, August 28th. Finally, Gabelli upgraded Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Johnson Controls International PLC has a consensus rating of “Hold” and an average price target of $48.71.

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Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue was up 48.8% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. Johnson Controls International PLC’s dividend payout ratio is currently -196.08%.

Johnson Controls International PLC Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Institutional Ownership by Quarter for Johnson Controls International PLC (NYSE:JCI)

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