Envestnet Portfolio Solutions Inc. Has $7.06 Million Position in Johnson Controls International plc (NYSE:JCI)

Envestnet Portfolio Solutions Inc. reduced its holdings in Johnson Controls International plc (NYSE:JCI) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,396 shares of the company’s stock after selling 1,668 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Johnson Controls International were worth $7,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $568,309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares during the period. Amundi grew its position in shares of Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company’s stock valued at $309,422,000 after acquiring an additional 1,680,431 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Johnson Controls International by 391,951.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company’s stock valued at $95,936,000 after acquiring an additional 1,215,051 shares during the period. Finally, AMF Tjanstepension AB grew its position in shares of Johnson Controls International by 500.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,048,377 shares of the company’s stock valued at $82,797,000 after acquiring an additional 873,841 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Royal Bank of Canada lifted their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $91.27.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Oliver sold 15,669 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 906,050 shares of company stock worth $77,839,329 in the last three months. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $81.46 on Tuesday. The firm has a 50 day moving average of $82.45 and a 200-day moving average of $79.87. The stock has a market capitalization of $53.77 billion, a PE ratio of 31.09, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is presently 56.49%.

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.