Johnson Controls Inc. (JCI) Sets New 1-Year High at $48.17
Shares of Johnson Controls Inc. (NYSE:JCI) reached a new 52-week high on Tuesday . The stock traded as high as $48.17 and last traded at $47.81, with a volume of 2,356,482 shares. The stock had previously closed at $45.45.
Several analysts have recently weighed in on JCI shares. Zacks Investment Research lowered shares of Johnson Controls from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Johnson Controls in a report on Saturday, July 9th. Robert W. Baird reaffirmed a “buy” rating on shares of Johnson Controls in a report on Wednesday, June 15th. Morgan Stanley reaffirmed a “buy” rating on shares of Johnson Controls in a report on Wednesday, June 15th. Finally, Oppenheimer Holdings reaffirmed a “buy” rating and set a $50.00 price objective on shares of Johnson Controls in a report on Friday, May 20th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $49.22.
The company has a market cap of $30.73 billion and a price-to-earnings ratio of 47.86. The company has a 50 day moving average price of $44.91 and a 200 day moving average price of $41.94.
Johnson Controls (NYSE:JCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company 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. Equities research analysts predict that Johnson Controls Inc. will post $3.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, August 3rd.
In related news, VP R Bruce Mcdonald sold 98,166 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 100,766 shares in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in Johnson Controls stock. American International Group Inc. increased its position in Johnson Controls Inc. (NYSE:JCI) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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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