Johnson Controls Inc. (JCI) Shares Gap Up to $45.04
Johnson Controls Inc. (NYSE:JCI) 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 traded.
Several research firms have recently weighed in on JCI. Credit Suisse Group AG reissued a “buy” rating on shares of Johnson Controls in a research note on Saturday, July 9th. Vetr lowered Johnson Controls from a “buy” rating to a “hold” rating and set a $44.50 price objective for the company. in a research note on Monday, May 23rd. Royal Bank Of Canada reissued a “hold” rating on shares of Johnson Controls in a research note on Tuesday, May 10th. Robert W. Baird reissued a “buy” rating on shares of Johnson Controls in a research note on Tuesday, June 28th. Finally, Morgan Stanley reissued a “buy” rating on shares of Johnson Controls in a research note 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. The company presently has an average rating of “Buy” and a consensus target price of $48.59.
The company has a market cap of $28.99 billion and a P/E ratio of 45.13. The firm’s 50-day moving average is $44.88 and its 200-day moving average is $41.81.
Johnson Controls (NYSE:JCI) last issued its earnings results on Thursday, July 21st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.03 by $0.04. During the same quarter in the previous year, the firm posted $0.91 EPS. The business 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. Equities research analysts anticipate that Johnson Controls Inc. will post $3.96 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Wednesday, August 3rd.
In other 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 value of $4,412,561.70. Following the completion of the transaction, the vice president now 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 Securities & Exchange Commission, which is available through this link.
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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 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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