Envestnet Asset Management Inc. Grows Position in Johnson Controls International plc (NYSE:JCI)

Envestnet Asset Management Inc. boosted its holdings in Johnson Controls International plc (NYSE:JCIFree Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,758,974 shares of the company’s stock after buying an additional 44,737 shares during the quarter. Envestnet Asset Management Inc. owned 0.26% of Johnson Controls International worth $101,387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Optimum Investment Advisors raised its holdings in shares of Johnson Controls International by 17.5% during the fourth quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock valued at $68,000 after purchasing an additional 175 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Johnson Controls International by 3.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock valued at $254,000 after buying an additional 179 shares during the period. BSW Wealth Partners boosted its stake in shares of Johnson Controls International by 4.3% in the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock worth $259,000 after buying an additional 185 shares during the last quarter. HCR Wealth Advisors grew its holdings in shares of Johnson Controls International by 1.2% in the fourth quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after acquiring an additional 185 shares during the period. Finally, Mutual Advisors LLC increased its position in Johnson Controls International by 0.4% during the third quarter. Mutual Advisors LLC now owns 46,147 shares of the company’s stock valued at $2,455,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer cut their price target on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Citigroup upped their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $74.00 to $68.00 in a research report on Monday, May 6th. Argus cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Barclays cut their price target on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.00.

Get Our Latest Analysis on Johnson Controls International

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares in the company, valued at $1,662,259. The disclosure for this sale can be found here. Insiders sold 17,086 shares of company stock valued at $1,097,025 in the last 90 days. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Up 0.5 %

NYSE JCI opened at $69.95 on Friday. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $74.23. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The stock has a market cap of $47.12 billion, a PE ratio of 28.32, a P/E/G ratio of 1.80 and a beta of 1.29. The stock’s 50 day moving average is $67.04 and its 200 day moving average is $60.63.

Johnson Controls International (NYSE:JCIGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same quarter last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. Research analysts predict that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Johnson Controls International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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