Johnson Controls Inc. (JCI) Trading 2% Higher
Johnson Controls Inc. (NYSE:JCI)’s share price traded up 2% on Thursday . The stock traded as high as $44.77 and last traded at $44.77, with a volume of 3,715,336 shares changing hands. The stock had previously closed at $43.88.
A number of brokerages recently commented on JCI. Vetr upgraded Johnson Controls from a “hold” rating to a “buy” rating and set a $44.50 price objective on the stock in a research report on Tuesday, May 17th. Zacks Investment Research upgraded Johnson Controls from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, June 21st. Credit Suisse Group AG upgraded Johnson Controls from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $45.00 to $50.00 in a research report on Tuesday, May 24th. TheStreet upgraded Johnson Controls from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating on shares of Johnson Controls in a research report on Tuesday, June 28th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $48.59.
The firm’s 50 day moving average price is $44.88 and its 200 day moving average price is $41.81. The stock has a market capitalization of $28.99 billion and a price-to-earnings ratio of 45.13.
Johnson Controls (NYSE:JCI) last issued its earnings results 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. The firm earned $9.50 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that Johnson Controls Inc. will post $3.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, August 3rd.
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 value of $4,412,561.70. Following the completion of the sale, the vice president now directly owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently raised its position in Johnson Controls stock. American International Group Inc. raised its position in Johnson Controls Inc. (NYSE:JCI) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 reporting period.
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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