Envestnet Asset Management Inc. Acquires 59,274 Shares of Johnson Controls International plc (NYSE:JCI)

Envestnet Asset Management Inc. boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,401,984 shares of the company’s stock after acquiring an additional 59,274 shares during the quarter. Envestnet Asset Management Inc. owned 0.36% of Johnson Controls International worth $159,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in shares of Johnson Controls International during the 1st quarter valued at about $25,000. Continuum Advisory LLC increased its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares during the last quarter. Friedenthal Financial bought a new position in shares of Johnson Controls International during the 2nd quarter valued at about $47,000. Finally, Centerpoint Advisors LLC increased its position in shares of Johnson Controls International by 126.8% during the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after purchasing an additional 412 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 4,245 shares of company stock worth $295,442 in the last quarter. 0.69% of the stock is owned by company insiders.

Johnson Controls International Trading Up 1.9 %

JCI opened at $72.55 on Monday. The stock has a market cap of $48.46 billion, a PE ratio of 29.37, a PEG ratio of 1.87 and a beta of 1.29. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $69.46 and a 200-day moving average of $67.38. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.36.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts predict that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s payout ratio is presently 59.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Barclays reduced their price target on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.21.

Johnson Controls International Company 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.