Johnson Controls Inc (NYSE:JCI) had its price target reduced by equities research analysts at Barclays from $52.00 to $47.00 in a note issued to investors on Monday, AnalystRatings.Net reports. The brokerage currently has an “overweight” rating on the stock. Barclays’ price objective would indicate a potential upside of 31.34% from the stock’s previous close.

Johnson Controls (NYSE:JCI) traded down 2.9986% on Monday, hitting $34.5325. 4,423,024 shares of the company were exchanged. The stock has a market capitalization of $22.37 billion and a P/E ratio of 14.5891. Johnson Controls has a 52-week low of $33.62 and a 52-week high of $54.52. The stock’s 50-day moving average price is $38.40 and its 200-day moving average price is $42.69.

Johnson Controls (NYSE:JCI) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The company earned $8.75 billion during the quarter, compared to analyst estimates of $8.79 billion. The company’s revenue was down 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. On average, equities research analysts anticipate that Johnson Controls will post $3.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 5th. Shareholders of record on Friday, December 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Wednesday, December 9th. This is a positive change from Johnson Controls’s previous quarterly dividend of $0.26.

In other Johnson Controls news, VP Simon Davis sold 1,300 shares of the company’s stock in a transaction on Monday, November 30th. The stock was sold at an average price of $45.92, for a total value of $59,696.00. Following the completion of the sale, the vice president now directly owns 33,047 shares in the company, valued at approximately $1,517,518.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian J. Cadwallader sold 28,628 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $44.82, for a total value of $1,283,106.96. Following the completion of the sale, the vice president now owns 16,270 shares of the company’s stock, valued at $729,221.40. The disclosure for this sale can be found here.

A number of other research analysts also recently issued reports on the company. William Blair raised Johnson Controls from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $53.00 to $50.00 in a report on Wednesday, September 30th. Goldman Sachs boosted their price target on Johnson Controls from $60.00 to $63.00 in a report on Wednesday, October 14th. Robert W. Baird reissued an “outperform” rating and issued a $56.00 price target (down from $58.00) on shares of Johnson Controls in a report on Wednesday, December 2nd. Susquehanna decreased their price target on Johnson Controls from $45.00 to $39.00 in a report on Thursday. Finally, RBC Capital downgraded Johnson Controls from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $51.00 to $46.00 in a report on Tuesday, December 15th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $52.93.

Other institutional investors have added to or reduced their stakes in the company. Founders Capital Management boosted its position in Johnson Controls by 0.6% in the fourth quarter. Founders Capital Management now owns 4,351 shares of the company’s stock worth $172,000 after buying an additional 27 shares in the last quarter. Kistler-Tiffany Companies boosted its position in Johnson Controls by 3.1% in the fourth quarter. Kistler-Tiffany Companies now owns 6,339 shares of the company’s stock worth $260,000 after buying an additional 188 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft boosted its position in Johnson Controls by 94.0% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft now owns 9,700 shares of the company’s stock worth $377,000 after buying an additional 4,700 shares in the last quarter. ICON Advisers acquired a new position in Johnson Controls during the third quarter worth $480,000. Finally, Fox Run Management acquired a new position in Johnson Controls during the fourth quarter worth $509,000.

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 (NYSE:JCI) 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.

12 Month Chart for NYSE:JCI

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