Envestnet Portfolio Solutions Inc. Sells 15,781 Shares of Johnson Controls International plc (NYSE:JCI)

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 17.7% in the 1st quarter, Holdings Channel reports. The firm owned 73,615 shares of the company’s stock after selling 15,781 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Johnson Controls International were worth $5,897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Jackson Hole Capital Partners LLC raised its position in Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock worth $1,470,000 after purchasing an additional 127 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in Johnson Controls International by 2.7% in the first quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company’s stock valued at $405,000 after purchasing an additional 135 shares in the last quarter. Abacus Planning Group Inc. raised its holdings in shares of Johnson Controls International by 5.2% during the first quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company’s stock valued at $217,000 after purchasing an additional 135 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Johnson Controls International by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company’s stock worth $699,000 after purchasing an additional 154 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Johnson Controls International by 10.6% during the first quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company’s stock valued at $138,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anuruddha Rathninde sold 15,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the transaction, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. This trade represents a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,555 shares of company stock valued at $13,669,414 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

NYSE:JCI opened at $102.10 on Friday. The business’s 50-day moving average is $93.39 and its 200 day moving average is $85.55. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $105.19. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $67.18 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.26 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.13% and a net margin of 10.19%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International declared that its board has initiated a stock repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, June 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.

Analyst Ratings Changes

JCI has been the topic of several recent analyst reports. Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Thursday, May 8th. Citigroup lowered their target price on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and upped their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Barclays upped their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Finally, UBS Group reiterated a “buy” rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.88.

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.