Johnson Controls Inc (NYSE:JCI)‘s stock had its “outperform” rating reiterated by Oppenheimer in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a $48.00 target price on the stock. Oppenheimer’s price target would indicate a potential upside of 24.74% from the stock’s current price.
In related news, CEO Alex A. Molinaroli sold 67,790 shares of Johnson Controls stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $37.41, for a total transaction of $2,536,023.90. Following the transaction, the chief executive officer now directly owns 309,399 shares of the company’s stock, valued at $11,574,616.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Several other research firms have also recently commented on JCI. Susquehanna increased their target price on Johnson Controls from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, November 24th. Robert W. Baird reduced their target price on Johnson Controls from $61.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, November 24th. William Blair cut Johnson Controls from an “outperform” rating to a “market perform” rating and set a $52.00 target price for the company. in a research note on Wednesday, December 2nd. Zacks Investment Research cut Johnson Controls from a “hold” rating to a “sell” rating in a research note on Thursday, November 26th. Finally, Barclays reduced their target price on Johnson Controls from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, December 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.98.
Johnson Controls (NYSE:JCI) last released its earnings results on Thursday, January 28th. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. During the same quarter last year, the company posted $0.79 earnings per share. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $9.27 billion. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that Johnson Controls will post $3.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 4th. Investors of record on Friday, March 11th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, March 9th.
Several institutional investors recently added to or reduced their stakes in the stock. Shell Asset Management Co. raised its position in Johnson Controls by 3.7% in the fourth quarter. Shell Asset Management Co. now owns 121,939 shares of the company’s stock worth $4,815,000 after buying an additional 4,369 shares during the period. Private Trust Company raised its position in Johnson Controls by 0.9% in the fourth quarter. Private Trust Company now owns 27,927 shares of the company’s stock worth $1,101,000 after buying an additional 252 shares during the period. BKD Wealth Advisors LLC raised its position in Johnson Controls by 1.5% in the fourth quarter. BKD Wealth Advisors LLC now owns 7,908 shares of the company’s stock worth $312,000 after buying an additional 118 shares during the period. California State Teachers Retirement System raised its position in Johnson Controls by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 1,243,615 shares of the company’s stock worth $49,110,000 after buying an additional 19,645 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Johnson Controls by 11.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 121,469 shares of the company’s stock worth $4,922,000 after buying an additional 12,561 shares during the 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.
