Wetzel Investment Advisors Inc. Invests $159,000 in Johnson Controls International plc (NYSE:JCI)

Wetzel Investment Advisors Inc. acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,763 shares of the company’s stock, valued at approximately $159,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Johnson Controls International during the fourth quarter worth about $25,000. NBC Securities Inc. bought a new stake in Johnson Controls International in the 3rd quarter worth approximately $26,000. Certified Advisory Corp bought a new stake in Johnson Controls International in the 1st quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Johnson Controls International in the 3rd quarter worth approximately $30,000. Finally, Headinvest LLC bought a new stake in Johnson Controls International in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. 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. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Barclays boosted their price objective 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, Deutsche Bank Aktiengesellschaft reiterated 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $64.50.

Johnson Controls International Stock Down 0.2 %

JCI stock traded down $0.11 during midday trading on Friday, hitting $63.66. The stock had a trading volume of 5,220,302 shares, compared to its average volume of 4,310,495. The firm has a market cap of $43.38 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The business has a 50-day moving average of $61.94 and a two-hundred day moving average of $56.42. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $70.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.32%. Johnson Controls International’s payout ratio is 48.21%.

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.