Johnson Controls (NYSE:JCI) announced a quarterly dividend on Wednesday, July 24th, Stock Ratings Network reports. Stockholders of record on Friday, September 6th will be paid a dividend of $0.19 per share on Wednesday, October 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.85%.
A number of analysts have recently weighed in on JCI shares. Analysts at Morgan Stanley raised their price target on shares of Johnson Controls from $42.00 to $45.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Johnson Controls in a research note to investors on Saturday. They now have a $42.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Johnson Controls from $41.00 to $45.00 in a research note to investors on Friday, July 19th. They now have a “buy” rating on the stock.
Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Johnson Controls currently has a consensus rating of “Hold” and a consensus price target of $40.24.
Johnson Controls (NYSE: JCI) traded up 0.63% on Wednesday, hitting $41.32. Johnson Controls has a 52-week low of $23.58 and a 52-week high of $41.50. The stock’s 50-day moving average is currently $36.97. The company has a market cap of $28.263 billion and a price-to-earnings ratio of 26.49.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. The company had revenue of $10.83 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the company posted $0.64 earnings per share. Johnson Controls’s revenue was up 2.4% compared to the same quarter last year. Johnson Controls has set its Q4 guidance at $0.93-0.95 EPS and its FY13 guidance at $2.64-2.66 EPS. On average, analysts predict that Johnson Controls will post $2.64 earnings per share for the current fiscal year.
Johnson Controls, Inc (NYSE: JCI) manufactures, installs and services automatic temperature regulation systems for buildings.