Johnson Controls Inc. (JCI) Stock Price Up 2%
Johnson Controls Inc. (NYSE:JCI) shares rose 2% during mid-day trading on Thursday . The stock traded as high as $44.77 and last traded at $44.77, with a volume of 3,715,336 shares. The stock had previously closed at $43.88.
JCI has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Johnson Controls from a “buy” rating to a “hold” rating in a report on Monday, August 8th. TheStreet upgraded shares of Johnson Controls from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Vetr cut shares of Johnson Controls from a “buy” rating to a “hold” rating and set a $42.85 target price on the stock. in a report on Thursday, May 12th. Credit Suisse Group AG upgraded shares of Johnson Controls from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $45.00 to $50.00 in a report on Tuesday, May 24th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and issued a $50.00 target price on shares of Johnson Controls in a report on Friday, May 20th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.59.
The stock has a 50-day moving average of $44.84 and a 200-day moving average of $41.79. The company has a market capitalization of $28.72 billion and a PE ratio of 44.73.
Johnson Controls (NYSE:JCI) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. During the same quarter in the previous year, the company posted $0.91 EPS. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.62 billion. The business’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities research analysts expect that Johnson Controls Inc. will post $3.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were issued 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 2.58%.
In related news, VP R Bruce Mcdonald sold 98,166 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the sale, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
A hedge fund recently raised its stake in Johnson Controls stock. American International Group Inc. raised its stake in shares of Johnson Controls Inc. (NYSE:JCI) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,115 shares of the company’s stock after buying an additional 1,098 shares during the period. American International Group Inc.’s holdings in Johnson Controls were worth $12,088,000 at the end of the most recent 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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