Traders Sell Shares of Johnson Controls Inc. (JCI) on Strength (JCI)
Traders sold shares of Johnson Controls Inc. (NYSE:JCI) on strength during trading hours on Friday. $62.32 million flowed into the stock on the tick-up and $620.31 million flowed out of the stock on the tick-down, for a money net flow of $557.99 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 $0.41 for the day and closed at $45.45
A number of analysts recently weighed in on JCI shares. Credit Suisse Group AG restated a “buy” rating on shares of Johnson Controls in a report on Saturday, July 9th. Vetr downgraded Johnson Controls from a “buy” rating to a “hold” rating and set a $44.50 price objective for the company. in a report on Monday, May 23rd. Royal Bank Of Canada restated a “hold” rating on shares of Johnson Controls in a report on Tuesday, May 10th. Robert W. Baird restated a “buy” rating on shares of Johnson Controls in a report on Tuesday, June 28th. Finally, Morgan Stanley restated a “buy” rating on shares of Johnson Controls in a report on Wednesday, June 15th. Six investment 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 an average target price of $48.59.
The stock has a 50-day moving average price of $44.86 and a 200-day moving average price of $41.79. The company has a market cap of $28.99 billion and a P/E ratio of 45.13.
Johnson Controls (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.62 billion. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Equities analysts forecast that Johnson Controls Inc. will post $3.96 earnings per share for the current fiscal year.
The firm 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 dividend on an annualized basis and a 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 Johnson Controls stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total value of $4,412,561.70. Following the transaction, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a filing with the SEC, which is available 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 13F filing with the SEC. 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 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.
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.