Traders Sell Johnson Controls Inc. (JCI) on Strength (JCI)
Investors sold shares of Johnson Controls Inc. (NYSE:JCI) on strength during trading hours on Monday. $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 highest net out-flow for the day. Johnson Controls traded up $0.41 for the day and closed at $45.45
A number of brokerages have recently issued reports on JCI. Credit Suisse Group AG restated a “buy” rating on shares of Johnson Controls in a report on Saturday, July 9th. Vetr downgraded shares of Johnson Controls from a “buy” rating to a “hold” rating and set a $44.50 target price for the company. in a report on Monday, May 23rd. Royal Bank Of Canada reiterated a “hold” rating on shares of Johnson Controls in a report on Tuesday, May 10th. Robert W. Baird reiterated a “buy” rating on shares of Johnson Controls in a report on Tuesday, June 28th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Johnson Controls in a report on Wednesday, June 15th. Six 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 a consensus price target of $48.59.
The company has a market capitalization of $28.99 billion and a PE 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 posted its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. During the same period in the prior year, the business earned $0.91 EPS. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.62 billion. The business’s revenue for the quarter 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 year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were paid 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 other Johnson Controls news, VP R Bruce Mcdonald sold 98,166 shares of the 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 transaction, the vice president now owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A hedge fund recently raised its stake in Johnson Controls stock. Schwab Charles Investment Management Inc. increased 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. 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 0.28% of Johnson Controls worth $71,604,000 as of its most recent SEC filing.
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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