Johnson Controls International plc (NYSE:JCI) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,761 shares of the company’s stock after purchasing an additional 297 shares during the quarter. SVB Wealth LLC’s holdings in Johnson Controls International were worth $274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in JCI. Turtle Creek Wealth Advisors LLC purchased a new position in Johnson Controls International during the 4th quarter worth approximately $25,000. NBC Securities Inc. purchased a new position in Johnson Controls International during the 3rd quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Johnson Controls International during the 3rd quarter worth approximately $30,000. Headinvest LLC acquired a new stake in Johnson Controls International during the 3rd quarter worth approximately $30,000. Finally, West Paces Advisors Inc. acquired a new stake in Johnson Controls International during the 3rd quarter worth approximately $31,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JCI has been the subject of several recent analyst reports. HSBC cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a report on Wednesday, January 31st. Barclays raised their price target on Johnson Controls International from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Citigroup raised their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Mizuho downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Friday, February 23rd. Finally, Argus cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.50.

Johnson Controls International Trading Up 1.5 %

NYSE:JCI opened at $64.64 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The stock has a market cap of $44.05 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. Johnson Controls International plc has a one year low of $47.90 and a one year high of $70.43. The business’s 50-day simple moving average is $62.13 and its 200 day simple moving average is $56.58.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The company 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%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is 48.21%.

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.