Johnson Controls Inc (JCI) Shares Sold by 1st Global Advisors Inc.
1st Global Advisors Inc. decreased its position in shares of Johnson Controls Inc (NYSE:JCI) by 52.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,950 shares of the company’s stock after selling 10,867 shares during the period. 1st Global Advisors Inc.’s holdings in Johnson Controls were worth $393,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Banced Corp raised its position in Johnson Controls by 22.2% in the fourth quarter. Banced Corp now owns 13,280 shares of the company’s stock worth $525,000 after buying an additional 2,411 shares during the last quarter. Founders Capital Management raised 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 during the last quarter. Woodstock raised its position in Johnson Controls by 0.9% in the fourth quarter. Woodstock now owns 22,125 shares of the company’s stock worth $874,000 after buying an additional 200 shares during the last quarter. BLB&B Advisors raised its position in Johnson Controls by 6.5% in the fourth quarter. BLB&B Advisors now owns 123,715 shares of the company’s stock worth $4,886,000 after buying an additional 7,585 shares during the last quarter. Finally, Natixis Asset Management raised its position in Johnson Controls by 8.2% in the third quarter. Natixis Asset Management now owns 39,972 shares of the company’s stock worth $1,653,000 after buying an additional 3,013 shares during the last quarter.
Johnson Controls Inc (NYSE:JCI) traded down 2.40% on Monday, reaching $35.01. 4,503,222 shares of the company’s stock traded hands. Johnson Controls Inc has a 52-week low of $33.62 and a 52-week high of $54.52. The firm has a market cap of $22.69 billion and a price-to-earnings ratio of 15.25. The stock’s 50 day moving average is $37.40 and its 200 day moving average is $42.17.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data on Thursday, January 28th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. During the same period in the prior year, the company earned $0.79 EPS. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $9.27 billion. The firm’s revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts predict that Johnson Controls Inc will post $3.76 EPS for the current fiscal year.
The company 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 dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, March 9th.
A number of analysts have recently weighed in on JCI shares. Robert W. Baird reduced their price target on shares of Johnson Controls from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Investment Research raised shares of Johnson Controls from a “sell” rating to a “hold” rating in a research note on Monday, January 11th. Deutsche Bank reduced their price target on shares of Johnson Controls from $55.00 to $46.00 and set a “hold” rating for the company in a research note on Friday. Credit Suisse reduced their price target on shares of Johnson Controls from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday. Finally, RBC Capital reduced their price target on shares of Johnson Controls from $53.00 to $51.00 in a research note on Friday, October 30th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Johnson Controls presently has a consensus rating of “Buy” and a consensus price target of $49.75.
In other Johnson Controls news, VP Simon Davis sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $45.92, for a total transaction of $59,696.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link.
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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