Raymond James Financial Inc. Takes Position in Johnson Controls International plc (NYSE:JCI)

Raymond James Financial Inc. acquired a new stake in Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,200,162 shares of the company’s stock, valued at approximately $568,309,000. Raymond James Financial Inc. owned approximately 1.09% of Johnson Controls International at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vantage Financial Partners LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $202,000. Proficio Capital Partners LLC grew its holdings in shares of Johnson Controls International by 26.0% in the 4th quarter. Proficio Capital Partners LLC now owns 6,139 shares of the company’s stock valued at $485,000 after acquiring an additional 1,266 shares in the last quarter. SPC Financial Inc. grew its holdings in shares of Johnson Controls International by 3.0% in the 4th quarter. SPC Financial Inc. now owns 8,079 shares of the company’s stock valued at $638,000 after acquiring an additional 234 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Johnson Controls International by 5.9% in the 4th quarter. Assetmark Inc. now owns 34,840 shares of the company’s stock valued at $2,750,000 after acquiring an additional 1,927 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Johnson Controls International by 2.8% in the 4th quarter. Keybank National Association OH now owns 30,398 shares of the company’s stock valued at $2,399,000 after acquiring an additional 827 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 837,777 shares of company stock worth $72,867,455. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Johnson Controls International Stock Up 1.7 %

NYSE JCI opened at $82.29 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a 50 day moving average of $82.50 and a 200-day moving average of $79.34. The company has a market cap of $54.32 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

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.