Johnson Controls EVP Unloads $6,007,200 in Stock (JCI)
Johnson Controls (NYSE:JCI) EVP Susan F. Davis sold 120,000 shares of Johnson Controls stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $50.06, for a total value of $6,007,200.00. Following the sale, the executive vice president now directly owns 102,999 shares in the company, valued at approximately $5,156,130. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Johnson Controls (NYSE:JCI) traded down 0.10% on Tuesday, hitting $50.0004. 1,560,559 shares of the company’s stock traded hands. Johnson Controls has a 52 week low of $34.40 and a 52 week high of $52.50. The stock’s 50-day moving average is $46.61 and its 200-day moving average is $48.21. The company has a market cap of $33.208 billion and a price-to-earnings ratio of 24.69.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.01. The company had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the company posted $0.42 earnings per share. Johnson Controls’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Johnson Controls will post $3.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, June 4th.
A number of research firms have recently commented on JCI. Analysts at RBC Capital reiterated a “top pick” rating on shares of Johnson Controls in a research note on Thursday, May 22nd. They now have a $61.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Johnson Controls in a research note on Tuesday, May 20th. They now have a $52.00 price target on the stock, down previously from $53.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Johnson Controls in a research note on Thursday, April 24th. They now have a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Johnson Controls has a consensus rating of “Buy” and an average price target of $64.08.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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