Johnson Controls Inc (JCI) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on Johnson Controls Inc. Morgan Stanley Resumed Johnson Controls Inc on Apr 13, 2016 to “Overweight”, Price Target of the shares are set at $47.
On the company’s financial health, Johnson Controls Inc reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.82. The company had revenue of $9031.00 million for the quarter, compared to analysts expectations of $9003.92 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.
Johnson Controls Inc opened for trading at $42.47 and hit $42.95 on the upside on Friday, eventually ending the session at $42.93, with a gain of 1.42% or 0.6 points. The heightened volatility saw the trading volume jump to 52,09,718 shares. Company has a market cap of $27,835 M.
Investors should note that on May 17, 2016, Johnson Controls Inc announced a cash dividend of $0.2900. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 5, 2016.
In a different news, on Mar 3, 2016, Alex A Molinaroli (Chairman & CEO) sold 67,790 shares at $37.41 per share price. According to the SEC, on Nov 30, 2015, Simon Davis (VP, Chief Human Resources Ofcr) sold 1,300 shares at $45.92 per share price. On Nov 2, 2015, Brian J Cadwallader (VP, Secretary & Gen. Counsel) sold 28,628 shares at $45.01 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Building Efficiency segment offers designing producing marketing and installing integrated heating ventilating and air conditioning (HVAC) systems building management systems controls security and mechanical equipment. The Power Solutions segment offers lead-acid automotive batteries for passenger cars light trucks and utility vehicles. The Company serves both automotive original equipment manufacturers (OEMs) and the general vehicle battery aftermarket. The Company also supplies advanced battery technologies to power start-stop hybrid and electric vehicles.