Johnson Controls Inc. (JCI) Shares Gap Up to $45.04
Johnson Controls Inc. (NYSE:JCI)’s share price gapped up before the market opened on Friday . The stock had previously closed at $44.82, but opened at $45.04. Johnson Controls shares last traded at $45.75, with a volume of 3,493,089 shares.
Several equities analysts have weighed in on JCI shares. Credit Suisse Group AG reissued a “buy” rating on shares of Johnson Controls in a research report on Tuesday, June 14th. Robert W. Baird reaffirmed a “buy” rating on shares of Johnson Controls in a research report on Tuesday, June 28th. Zacks Investment Research raised Johnson Controls from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, June 21st. Morgan Stanley reaffirmed a “buy” rating on shares of Johnson Controls in a research report on Wednesday, June 15th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls in a research report on Friday, May 20th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.59.
The company has a 50-day moving average of $44.86 and a 200-day moving average of $41.79. The firm has a market cap of $28.99 billion and a price-to-earnings ratio of 45.13.
Johnson Controls (NYSE:JCI) last announced its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. During the same period last year, the firm earned $0.91 earnings per share. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. Johnson Controls’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts forecast that Johnson Controls Inc. will post $3.96 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.55%. The ex-dividend date was Wednesday, August 3rd.
In other Johnson Controls news, VP R Bruce Mcdonald sold 98,166 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the sale, the vice president now directly owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in Johnson Controls stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Johnson Controls Inc. (NYSE:JCI) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,813,201 shares of the company’s stock after buying an additional 58,056 shares during the period. Schwab Charles Investment Management Inc. owned about 0.28% of Johnson Controls worth $71,604,000 as of its most recent filing with the SEC.
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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