RWA Wealth Partners LLC Acquires Shares of 246,902 Johnson Controls International plc (NYSE:JCI)

RWA Wealth Partners LLC bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 246,902 shares of the company's stock, valued at approximately $14,231,000.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in Johnson Controls International by 4.7% during the 3rd quarter. Invesco Ltd. now owns 13,063,227 shares of the company's stock worth $695,094,000 after buying an additional 588,724 shares during the period. Northern Trust Corp boosted its position in Johnson Controls International by 6.2% during the 3rd quarter. Northern Trust Corp now owns 7,065,473 shares of the company's stock worth $375,954,000 after buying an additional 415,056 shares during the period. Bank of New York Mellon Corp boosted its position in Johnson Controls International by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,155,879 shares of the company's stock worth $327,554,000 after buying an additional 197,770 shares during the period. abrdn plc boosted its position in Johnson Controls International by 1.7% during the 3rd quarter. abrdn plc now owns 4,638,378 shares of the company's stock worth $246,808,000 after buying an additional 79,543 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Johnson Controls International by 5.2% in the 4th quarter. Raymond James & Associates now owns 3,763,779 shares of the company's stock worth $216,944,000 after purchasing an additional 186,455 shares during the period. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JCI. Mizuho downgraded shares of Johnson Controls International from a "buy" rating to a "neutral" rating and set a $62.00 price target on the stock. in a research report on Friday, February 23rd. Barclays boosted their price target on shares of 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 lifted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Royal Bank of Canada lowered their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an "underperform" rating for the company in a research note on Wednesday, January 31st. Finally, StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of "Hold" and an average price target of $64.50.

Johnson Controls International Stock Up 1.5 %

JCI traded up $0.98 during mid-day trading on Monday, reaching $64.64. 3,190,934 shares of the stock were exchanged, compared to its average volume of 5,551,971. The company has a 50 day moving average price of $61.94 and a two-hundred day moving average price of $56.49. 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 capitalization of $44.05 billion, a PE 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 1 year low of $47.90 and a 1 year high of $70.43.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a net margin of 7.85% and a return on equity of 13.08%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. As a group, research analysts anticipate that Johnson Controls International plc will post 3.61 EPS for the current year.

Johnson Controls International Announces Dividend

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

Johnson Controls International Company 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.