Envestnet Portfolio Solutions Inc. Raises Position in Johnson Controls International plc (NYSE:JCI)

Envestnet Portfolio Solutions Inc. grew its position in Johnson Controls International plc (NYSE:JCI) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,314 shares of the company’s stock after acquiring an additional 12,561 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Johnson Controls International were worth $5,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPG Investment Advisory LLC boosted its holdings in shares of Johnson Controls International by 19.3% in the fourth quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock valued at $11,330,000 after acquiring an additional 31,759 shares in the last quarter. United Services Automobile Association boosted its holdings in shares of Johnson Controls International by 7.9% in the fourth quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock valued at $1,174,000 after acquiring an additional 1,490 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Johnson Controls International by 89.4% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock valued at $14,632,000 after acquiring an additional 119,844 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Johnson Controls International by 27.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock valued at $4,602,000 after acquiring an additional 17,263 shares in the last quarter. Finally, RWA Wealth Partners LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $14,231,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on JCI. Oppenheimer boosted their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Barclays decreased their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup boosted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.67.

Johnson Controls International Trading Up 0.4 %

Shares of NYSE:JCI traded up $0.28 during trading on Friday, reaching $69.98. The stock had a trading volume of 2,445,736 shares, compared to its average volume of 5,382,574. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $74.23. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $68.82 and a 200-day moving average price of $62.95. The stock has a market cap of $47.14 billion, a P/E ratio of 28.47, a PEG ratio of 1.77 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, analysts anticipate that Johnson Controls International plc will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Monday, June 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.11%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the transaction, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The disclosure for this sale can be found here. Insiders have sold a total of 18,067 shares of company stock valued at $1,162,299 in the last quarter. Company insiders own 0.69% of the company’s stock.

Johnson Controls International 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.