SVB Wealth LLC Purchases 297 Shares of Johnson Controls International plc (NYSE:JCI)

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

Several other hedge funds and other institutional investors have also bought and sold shares of the business. VELA Investment Management LLC boosted its position in Johnson Controls International by 21.2% in the fourth quarter. VELA Investment Management LLC now owns 24,083 shares of the company’s stock worth $1,388,000 after purchasing an additional 4,216 shares during the last quarter. Cullen Investment Group LTD. purchased a new position in Johnson Controls International in the fourth quarter worth $4,098,000. Cornercap Investment Counsel Inc. purchased a new position in Johnson Controls International in the fourth quarter worth $1,825,000. Glassy Mountain Advisors Inc. boosted its position in Johnson Controls International by 3.8% in the fourth quarter. Glassy Mountain Advisors Inc. now owns 50,101 shares of the company’s stock worth $2,888,000 after purchasing an additional 1,841 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in Johnson Controls International by 24.5% in the fourth quarter. Vontobel Holding Ltd. now owns 1,270,716 shares of the company’s stock worth $73,244,000 after purchasing an additional 250,400 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

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. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43. The firm has a market cap of $44.05 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.60 and a beta of 1.24. The business’s fifty day moving average is $62.13 and its 200 day moving average is $56.58.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $6.09 billion for 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 firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. Research analysts predict that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

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

Wall Street Analyst Weigh In

JCI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. HSBC cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research report on Wednesday, January 31st. 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. Finally, Melius Research reaffirmed a “hold” rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $64.50.

About Johnson Controls International

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.