Envestnet Asset Management Inc. Sells 138,669 Shares of Johnson Controls International plc $JCI

Key Points

• Envestnet Asset Management reduced its Johnson Controls position by 7.4%, selling 138,669 shares and retaining 1.73 million shares valued at approximately $252.2 million. Institutional investors collectively own 90.05% of the company.
• Johnson Controls reported quarterly EPS of $1.42, beating estimates of $1.30, while revenue rose 9.3% year over year to $6.61 billion. The company also declared a quarterly dividend of $0.40 per share, yielding about 1.1% annually.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and a $157.05 average price target, compared with its reported trading price of $145.18.

Envestnet Asset Management Inc. trimmed its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,726,101 shares of the company's stock after selling 138,669 shares during the quarter. Envestnet Asset Management Inc. owned 0.28% of Johnson Controls International worth $252,200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in Johnson Controls International by 2.2% during the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company's stock worth $4,143,674,000 after purchasing an additional 621,319 shares in the last quarter. Franklin Resources Inc. boosted its stake in Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company's stock worth $2,712,949,000 after purchasing an additional 718,245 shares during the period. Invesco Ltd. increased its holdings in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company's stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares in the last quarter. Norges Bank bought a new position in Johnson Controls International during the 4th quarter worth about $927,739,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Johnson Controls International by 1.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,179,181 shares of the company's stock valued at $859,707,000 after purchasing an additional 71,296 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Price Performance

NYSE:JCI opened at $145.18 on Friday. The stock has a market capitalization of $87.94 billion, a PE ratio of 25.25, a P/E/G ratio of 1.41 and a beta of 1.29. Johnson Controls International plc has a 1-year low of $104.49 and a 1-year high of $157.06. The firm has a fifty day simple moving average of $145.01 and a 200 day simple moving average of $141.49. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm had revenue of $6.61 billion during the quarter, compared to analysts' expectations of $6.46 billion. During the same quarter last year, the company posted $1.05 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts expect that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, September 21st. Johnson Controls International's payout ratio is 27.83%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Sanford C. Bernstein boosted their price target on Johnson Controls International from $173.00 to $190.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Wall Street Zen downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Johnson Controls International in a research report on Friday, September 4th. Citigroup boosted their target price on Johnson Controls International from $155.00 to $157.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price target on Johnson Controls International from $154.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $157.05.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

About Johnson Controls International

Johnson Controls International plc NYSE: JCI is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.

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