Raymond James Financial Services Advisors Inc. Increases Stock Position in Johnson Controls International plc (NYSE:JCI)

Raymond James Financial Services Advisors Inc. increased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,078,169 shares of the company's stock after purchasing an additional 252,976 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.30% of Johnson Controls International worth $135,746,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JCI. Turtle Creek Wealth Advisors LLC bought a new stake in Johnson Controls International during the fourth quarter worth $25,000. Rise Advisors LLC bought a new position in Johnson Controls International during the first quarter valued at about $25,000. NBC Securities Inc. purchased a new stake in Johnson Controls International during the third quarter worth about $26,000. EdgeRock Capital LLC bought a new stake in Johnson Controls International in the fourth quarter worth about $27,000. Finally, Hexagon Capital Partners LLC boosted its stake in Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company's stock valued at $29,000 after acquiring an additional 268 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Shares of JCI traded down $0.26 during midday trading on Tuesday, reaching $65.05. The stock had a trading volume of 5,314,710 shares, compared to its average volume of 5,534,330. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $44.33 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company's 50-day moving average is $63.13 and its 200 day moving average is $57.11. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $70.43.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued 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. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. Johnson Controls International's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. On average, equities analysts predict that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced 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. This represents a $1.48 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Barclays upped their price target on Johnson Controls International from $59.00 to $61.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 2nd. Wells Fargo & Company lifted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. HSBC downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $60.00 price objective on the stock. in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $64.50.

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.

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