Johnson Controls Inc. (JCI) Sees Unusually-High Trading Volume
Johnson Controls Inc. (NYSE:JCI) saw unusually-strong trading volume on Monday . Approximately 4,785,046 shares changed hands during trading, an increase of 5% from the previous session’s volume of 4,558,489 shares.The stock last traded at $44.50 and had previously closed at $45.03.
Several research analysts have recently commented on JCI shares. Robert W. Baird restated a “buy” rating on shares of Johnson Controls in a research report on Tuesday, June 28th. TheStreet upgraded Johnson Controls from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Credit Suisse Group AG upgraded Johnson Controls from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $45.00 to $50.00 in a research note on Tuesday, May 24th. Zacks Investment Research cut Johnson Controls from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Johnson Controls in a research note on Tuesday, May 10th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Johnson Controls has a consensus rating of “Buy” and an average price target of $48.47.
The stock has a 50-day moving average of $44.69 and a 200 day moving average of $41.35. The company has a market capitalization of $28.34 billion and a PE ratio of 44.13.
Johnson Controls (NYSE:JCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.04. During the same quarter last year, the company earned $0.91 EPS. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. Johnson Controls’s revenue was down 1.0% compared to the same quarter last year. Analysts predict that Johnson Controls Inc. will post $3.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $1.16 annualized dividend and a yield of 2.61%.
A number of large investors have added to or reduced their stakes in the company. Trexquant Investment LP raised its stake in Johnson Controls by 60.3% in the fourth quarter. Trexquant Investment LP now owns 43,600 shares of the company’s stock valued at $1,722,000 after buying an additional 16,400 shares during the period. I.G. Investment Management LTD. raised its stake 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 during the period. American International Group Inc. raised its stake in Johnson Controls by 0.4% in the fourth quarter. American International Group Inc. now owns 306,115 shares of the company’s stock valued at $12,088,000 after buying an additional 1,098 shares during the period. Calvert Investment Management Inc. raised its stake in Johnson Controls by 33.3% in the fourth quarter. Calvert Investment Management Inc. now owns 34,810 shares of the company’s stock valued at $1,375,000 after buying an additional 8,691 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Johnson Controls during the fourth quarter valued at $2,504,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.