Envestnet Asset Management Inc. Acquires 111,347 Shares of Johnson Controls International plc (NYSE:JCI)

Envestnet Asset Management Inc. grew its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,561,404 shares of the company's stock after buying an additional 111,347 shares during the period. Envestnet Asset Management Inc. owned 0.39% of Johnson Controls International worth $205,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JCI. Norges Bank bought a new stake in shares of Johnson Controls International during the fourth quarter valued at about $560,549,000. Invesco Ltd. increased its position in shares of Johnson Controls International by 13.2% in the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock worth $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Johnson Controls International by 391,951.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company's stock worth $95,936,000 after purchasing an additional 1,215,051 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Johnson Controls International by 10,137.2% in the first quarter. GAMMA Investing LLC now owns 1,179,219 shares of the company's stock worth $94,467,000 after purchasing an additional 1,167,700 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Trading Down 0.5%

Shares of NYSE:JCI traded down $0.51 during trading on Friday, reaching $105.82. 2,234,200 shares of the company traded hands, compared to its average volume of 4,666,089. The firm has a market capitalization of $69.63 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 1.95 and a beta of 1.31. Johnson Controls International plc has a 52-week low of $64.31 and a 52-week high of $107.20. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The business's fifty day moving average is $100.59 and its 200-day moving average is $87.76.

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

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors 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 1.40%. Johnson Controls International's dividend payout ratio is presently 39.47%.

Johnson Controls International declared that its Board of Directors has initiated a stock buyback program on Friday, June 13th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JCI. UBS Group restated a "buy" rating and issued a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research report on Thursday, May 8th. Finally, Barclays upped their target price on Johnson Controls International from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Nine research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.53.

Insiders Place Their Bets

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of the 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 approximately $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $104.82, for a total value of $149,054.04. Following the transaction, the vice president directly owned 141,860 shares of the company's stock, valued at $14,869,765.20. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,555 shares of company stock worth $13,705,106 in the last ninety days. Insiders own 0.54% of the company's stock.

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.