Traders Sell 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 companies 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
JCI has been the topic of several analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Johnson Controls in a report on Tuesday, June 14th. Robert W. Baird reaffirmed a “buy” rating on shares of Johnson Controls in a report on Tuesday, June 28th. Zacks Investment Research raised Johnson Controls from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, June 21st. Morgan Stanley reissued a “buy” rating on shares of Johnson Controls in a report on Wednesday, June 15th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $50.00 price objective on shares of Johnson Controls in a report on Friday, May 20th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.59.
The stock has a market capitalization of $28.99 billion and a price-to-earnings ratio of 45.13. The firm’s 50 day moving average price is $44.88 and its 200 day moving average price is $41.81.
Johnson Controls (NYSE:JCI) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. During the same quarter in the prior year, the company earned $0.91 EPS. The firm earned $9.50 billion during the quarter, compared to analyst estimates of $9.62 billion. The business’s revenue was down 1.0% on a year-over-year basis. Equities analysts predict that Johnson Controls Inc. will post $3.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend 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 the company’s stock in a transaction that occurred 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 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 hyperlink.
An institutional investor recently raised its position in Johnson Controls stock. Schwab Charles Investment Management Inc. boosted its position in Johnson Controls Inc. (NYSE:JCI) by 3.3% during the fourth quarter, according to its most recent 13F filing with the 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 approximately 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.