Traders Sell Shares of Johnson Controls Inc. (JCI) on Strength (JCI)
Investors sold shares of Johnson Controls Inc. (NYSE:JCI) on strength during trading hours on Monday. $36.39 million flowed into the stock on the tick-up and $100.85 million flowed out of the stock on the tick-down, for a money net flow of $64.46 million out of the stock. Of all companies tracked, Johnson Controls had the 0th highest net out-flow for the day. Johnson Controls traded up $0.42 for the day and closed at $44.31
JCI has been the topic of several research analyst reports. TheStreet upgraded Johnson Controls from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research upgraded Johnson Controls from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Tuesday, July 26th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $52.00 target price on shares of Johnson Controls in a research note on Tuesday, August 23rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $50.00 target price on shares of Johnson Controls in a research note on Tuesday, June 14th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Johnson Controls in a research note on Wednesday, June 15th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.59.
The company has a market cap of $28.26 billion and a PE ratio of 44.00. The firm has a 50-day moving average price of $44.82 and a 200 day moving average price of $41.68.
Johnson Controls (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. During the same quarter last year, the company earned $0.91 earnings per share. The company earned $9.50 billion during 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 analysts expect that Johnson Controls Inc. will post $3.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders 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 2.62%. The ex-dividend date of this dividend was Wednesday, August 3rd.
In other Johnson Controls news, VP R Bruce Mcdonald sold 98,166 shares of the company’s 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 sale, the vice president now directly owns 100,766 shares in the company, valued at $4,529,431.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Johnson Controls stock. Schwab Charles Investment Management Inc. raised its position in Johnson Controls Inc. (NYSE:JCI) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 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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