Raymond James Trust N.A. Has $2.84 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Raymond James Trust N.A. grew its position in Johnson Controls International plc (NYSE:JCI) by 21.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 42,758 shares of the company’s stock after acquiring an additional 7,561 shares during the period. Raymond James Trust N.A.’s holdings in Johnson Controls International were worth $2,842,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JCI. International Assets Investment Management LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter worth about $2,774,000. CWM LLC raised its holdings in Johnson Controls International by 8.8% during the 4th quarter. CWM LLC now owns 24,851 shares of the company’s stock worth $1,432,000 after buying an additional 2,003 shares during the period. OLD National Bancorp IN bought a new position in Johnson Controls International in the fourth quarter valued at approximately $200,000. GAMMA Investing LLC bought a new position in Johnson Controls International in the fourth quarter valued at approximately $220,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $1,038,000. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on JCI shares. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Oppenheimer lifted their target price on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Robert W. Baird raised their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Barclays cut their price objective 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. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average target price of $68.31.

Johnson Controls International Price Performance

NYSE JCI traded up $0.46 on Monday, hitting $71.70. 220,016 shares of the company’s stock were exchanged, compared to its average volume of 5,296,758. The stock has a 50-day moving average of $68.46 and a 200-day moving average of $65.94. The stock has a market cap of $47.90 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 1.91 and a beta of 1.28. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.36. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a $0.37 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.48 annualized dividend and a yield of 2.06%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 103,866 shares in the company, valued at approximately $7,344,364.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 2,892 shares of company stock valued at $197,011. 0.69% of the stock is currently owned by corporate insiders.

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.