Raymond James & Associates Increases Position in Johnson Controls International plc (NYSE:JCI)

Raymond James & Associates lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 11.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,193,698 shares of the company’s stock after buying an additional 429,919 shares during the period. Raymond James & Associates owned approximately 0.62% of Johnson Controls International worth $273,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JCI. IFP Advisors Inc boosted its stake in shares of Johnson Controls International by 69.6% in the 3rd quarter. IFP Advisors Inc now owns 5,504 shares of the company’s stock worth $293,000 after buying an additional 2,258 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Johnson Controls International by 4.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 27,813 shares of the company’s stock worth $1,480,000 after buying an additional 1,136 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Johnson Controls International by 38.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,014 shares of the company’s stock worth $52,000 after buying an additional 282 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Johnson Controls International by 5.2% in the 3rd quarter. UMB Bank n.a. now owns 5,853 shares of the company’s stock worth $311,000 after purchasing an additional 289 shares during the period. Finally, Czech National Bank raised its holdings in shares of Johnson Controls International by 46.4% in the 3rd quarter. Czech National Bank now owns 118,905 shares of the company’s stock worth $6,327,000 after purchasing an additional 37,685 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JCI. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Barclays lifted their price target on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Oppenheimer boosted their target price on shares of Johnson Controls International from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Melius Research reissued a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Finally, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.50.

Johnson Controls International Price Performance

Shares of JCI traded up $0.66 during mid-day trading on Friday, reaching $65.11. 6,408,009 shares of the stock traded hands, compared to its average volume of 4,071,197. The firm has a fifty day moving average price of $62.79 and a 200 day moving average price of $56.92. The company has a market cap of $44.37 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $70.43.

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

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.27%. Johnson Controls International’s dividend payout ratio (DPR) is presently 48.21%.

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.