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

Envestnet Asset Management Inc. lifted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 about 0.39% of Johnson Controls International worth $205,194,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $560,549,000. Invesco Ltd. boosted its stake in Johnson Controls International by 13.2% during the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the period. Franklin Resources Inc. boosted its stake in Johnson Controls International by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after purchasing an additional 1,325,500 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in Johnson Controls International by 391,951.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company's stock valued at $95,936,000 after purchasing an additional 1,215,051 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Johnson Controls International by 10,137.2% during the 1st quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock valued at $94,467,000 after purchasing an additional 1,167,700 shares during the period. Institutional investors own 90.05% of the company's stock.

Insider Buying and Selling

In other news, Director George Oliver sold 100,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the transaction, the director directly owned 904,305 shares in the company, valued at $82,924,768.50. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the transaction, the chief financial officer owned 147,673 shares in the company, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,555 shares of company stock valued at $13,705,106 over the last 90 days. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

JCI has been the subject of several recent analyst reports. Barclays increased their target price on Johnson Controls International from $90.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Johnson Controls International from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley upped their price target on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. The Goldman Sachs Group upped their price target on Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Johnson Controls International from a "hold" rating to a "buy" rating and upped their price target for the company from $101.00 to $112.00 in a report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.53.

Johnson Controls International Price Performance

Shares of JCI traded up $0.45 during mid-day trading on Thursday, reaching $106.95. The company had a trading volume of 1,392,662 shares, compared to its average volume of 4,661,652. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $107.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.81. The company's 50-day moving average is $100.20 and its 200-day moving average is $87.58. The company has a market capitalization of $70.38 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.93 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last released 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 firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same period last year, the firm posted $0.78 EPS. The business's revenue was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International announced that its board has initiated a stock buyback 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 shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be given a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.38%. Johnson Controls International's payout ratio is 39.47%.

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.