Traders sold shares of Johnson Controls Inc. (NYSE:JCI) on strength during trading on Wednesday. $42.39 million flowed into the stock on the tick-up and $72.47 million flowed out of the stock on the tick-down, for a money net flow of $30.08 million out of the stock. Of all equities tracked, Johnson Controls had the 0th highest net out-flow for the day. Johnson Controls traded up $0.19 for the day and closed at $44.32

JCI has been the subject of a number of research analyst reports. Robert W. Baird reiterated a “buy” rating on shares of Johnson Controls in a research report on Tuesday, June 28th. TheStreet downgraded Johnson Controls from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Credit Suisse Group AG upgraded Johnson Controls from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $45.00 to $50.00 in a research report on Tuesday, May 24th. Zacks Investment Research downgraded Johnson Controls from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Johnson Controls in a research report on Tuesday, May 10th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.47.

The stock’s 50-day moving average is $44.61 and its 200-day moving average is $41.11. The firm has a market cap of $28.26 billion and a PE ratio of 44.01.

Johnson Controls (NYSE:JCI) last released its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. During the same quarter in the prior year, the business posted $0.91 EPS. The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.62 billion. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Johnson Controls Inc. will post $3.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 5th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.62%. The ex-dividend date is Wednesday, August 3rd.

A number of institutional investors have recently added to or reduced their stakes in the stock. Nicholas Co. Inc. WI boosted its position in Johnson Controls by 8.0% in the fourth quarter. Nicholas Co. Inc. WI now owns 2,551,810 shares of the company’s stock valued at $100,770,000 after buying an additional 189,070 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Johnson Controls by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,077,650 shares of the company’s stock valued at $82,055,000 after buying an additional 303,659 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Johnson Controls by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,813,201 shares of the company’s stock valued at $71,604,000 after buying an additional 58,056 shares in the last quarter. I.G. Investment Management LTD. boosted its position in Johnson Controls by 2.1% in the fourth quarter. I.G. Investment Management LTD. now owns 1,492,711 shares of the company’s stock valued at $58,947,000 after buying an additional 30,357 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Johnson Controls by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 851,260 shares of the company’s stock valued at $33,616,000 after buying an additional 8,968 shares in the last quarter.

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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