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 Tuesday. $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 equities 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 recent research reports. Zacks Investment Research downgraded 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 Inc. reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls in a report on Friday, May 20th. Six 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 $48.59.
The company’s 50 day moving average price is $44.83 and its 200 day moving average price is $41.75. The firm has a market capitalization of $28.08 billion and a price-to-earnings ratio of 43.72.
Johnson Controls (NYSE:JCI) last announced its earnings results 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 business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.62 billion. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. On average, equities analysts anticipate that Johnson Controls Inc. will post $3.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were given a $0.29 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 2.63%.
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 directly owns 100,766 shares in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in Johnson Controls stock. Schwab Charles Investment Management Inc. increased its stake in Johnson Controls Inc. (NYSE:JCI) by 3.3% during the fourth quarter, according to its most recent 13F 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 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.