Raymond James Trust N.A. Has $3.98 Million Stake in Johnson Controls International plc (NYSE:JCI)

Raymond James Trust N.A. grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 20.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 51,296 shares of the company’s stock after purchasing an additional 8,538 shares during the period. Raymond James Trust N.A.’s holdings in Johnson Controls International were worth $3,981,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fortitude Family Office LLC grew its holdings in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International in the third quarter valued at about $44,000. Finally, Friedenthal Financial bought a new position in shares of Johnson Controls International during the second quarter valued at about $47,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 561,095 shares of company stock worth $44,820,037. 0.69% of the stock is owned by company insiders.

Johnson Controls International Stock Down 0.6 %

JCI opened at $83.45 on Friday. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16. The company has a market cap of $55.26 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $78.13 and a 200 day moving average of $72.38.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley started coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird lifted their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $77.21.

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.