Envestnet Asset Management Inc. Has $205.19 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Envestnet Asset Management Inc. lifted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,561,404 shares of the company's stock after acquiring an additional 111,347 shares during the quarter. Envestnet Asset Management Inc. owned 0.39% of Johnson Controls International worth $205,194,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JCI. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International during the 4th quarter valued at approximately $29,000. Community Bank N.A. bought a new stake in Johnson Controls International during the 1st quarter valued at $32,000. Crowley Wealth Management Inc. bought a new stake in Johnson Controls International during the 4th quarter valued at $42,000. Rossby Financial LCC bought a new stake in Johnson Controls International during the 1st quarter valued at $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Johnson Controls International during the 1st quarter valued at $43,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.2%

Shares of JCI stock traded down $0.17 on Thursday, reaching $106.33. 4,247,347 shares of the company's stock traded hands, compared to its average volume of 4,344,652. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $107.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.96. The company has a market capitalization of $69.97 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.95 and a beta of 1.31. The business's 50 day moving average price is $100.20 and its two-hundred day moving average price is $87.58.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Johnson Controls International's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International declared that its Board of Directors has approved a share repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 13.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. Johnson Controls International's dividend payout ratio is 39.47%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total value of $149,054.04. Following the transaction, the vice president owned 141,860 shares in the company, valued at $14,869,765.20. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president owned 42,574 shares in the company, valued at $4,390,656.62. This trade represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Oppenheimer downgraded Johnson Controls International from an "outperform" rating to a "market perform" rating in a research note on Friday, June 20th. Morgan Stanley boosted their price objective on Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Vertical Research raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research note on Thursday, May 8th. UBS Group reissued a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.53.

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.