Johnson Controls Inc (NYSE:JCI) – Research analysts at Gabelli lowered their FY2016 earnings estimates for shares of Johnson Controls in a report released on Friday, according to Zacks Investment Research. Gabelli analyst B. Sponheimer now anticipates that the firm will post earnings of $3.65 per share for the year, down from their prior estimate of $3.70. The consensus estimate for Johnson Controls’ FY2016 earnings is $3.78 per share. Gabelli also issued estimates for Johnson Controls’ FY2017 earnings at $3.85 EPS and FY2018 earnings at $4.30 EPS.

Johnson Controls (NYSE:JCI) last released its quarterly earnings results on Thursday, January 28th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.82. The firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Johnson Controls from a “sell” rating to a “hold” rating in a research note on Monday, January 11th. RBC Capital decreased their price target on shares of Johnson Controls from $53.00 to $51.00 in a research note on Friday, October 30th. Susquehanna upped their price target on shares of Johnson Controls from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, November 24th. William Blair reiterated a “buy” rating on shares of Johnson Controls in a research note on Monday, November 23rd. Finally, Robert W. Baird decreased their price target on shares of Johnson Controls from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $49.75.

Johnson Controls (NYSE:JCI) traded down 1.26% during midday trading on Monday, reaching $34.57. 1,497,971 shares of the company’s stock were exchanged. The company has a market cap of $22.41 billion and a price-to-earnings ratio of 15.06. The firm has a 50-day moving average price of $37.24 and a 200 day moving average price of $41.98. Johnson Controls has a 52 week low of $33.62 and a 52 week high of $54.52.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 4th. Investors of record on Friday, March 11th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, March 9th.

In related news, VP Simon Davis sold 1,300 shares of the stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $45.92, for a total value of $59,696.00. Following the completion of the transaction, the vice president now owns 33,047 shares of the company’s stock, valued at approximately $1,517,518.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of institutional investors have made changes to their positions in JCI. Founders Capital Management boosted its position in shares of Johnson Controls by 0.6% in the fourth quarter. Founders Capital Management now owns 4,351 shares of the company’s stock valued at $172,000 after buying an additional 27 shares during the period. Athena Capital Advisors boosted its position in shares of Johnson Controls by 0.7% in the fourth quarter. Athena Capital Advisors now owns 15,659 shares of the company’s stock valued at $618,000 after buying an additional 103 shares during the period. Kistler-Tiffany Companies boosted its position in shares of Johnson Controls by 3.1% in the fourth quarter. Kistler-Tiffany Companies now owns 6,339 shares of the company’s stock valued at $260,000 after buying an additional 188 shares during the period. Woodstock boosted its position in shares of Johnson Controls by 0.9% in the fourth quarter. Woodstock now owns 22,125 shares of the company’s stock valued at $874,000 after buying an additional 200 shares during the period. Finally, BB&T Securities boosted its position in shares of Johnson Controls by 2.9% in the fourth quarter. BB&T Securities now owns 16,109 shares of the company’s stock valued at $636,000 after buying an additional 453 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. 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.

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