Envestnet Asset Management Inc. Buys 480,085 Shares of Johnson Controls International plc (NYSE:JCI)

Envestnet Asset Management Inc. raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,450,057 shares of the company's stock after purchasing an additional 480,085 shares during the quarter. Envestnet Asset Management Inc. owned 0.37% of Johnson Controls International worth $193,383,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JCI. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $42,000. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at $42,000. Finally, ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after acquiring an additional 134 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Morgan Stanley upped their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Citigroup lowered their price objective on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lifted their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Finally, Melius Research reissued a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average price target of $90.00.

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Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now directly owns 24,803 shares of the company's stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction dated 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 approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 907,286 shares of company stock worth $77,938,071. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 1.9 %

Shares of NYSE:JCI traded up $1.45 during mid-day trading on Friday, hitting $77.68. The company had a trading volume of 3,026,682 shares, compared to its average volume of 4,469,610. The company has a market capitalization of $51.28 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The firm has a fifty day moving average price of $82.34 and a 200 day moving average price of $80.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share 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%. As a group, research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is currently 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.