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Automotive systems maker Johnson Controls, Inc. ( JCI ) on Monday said its fiscal second quarter profit surged 29% from last year on higher sales, beating analyst estimates.

The Milwaukee-based company reported fiscal second quarter net income of $354 million, or 51 cents per share, compared with $274 million, or 40 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 56 cents per share.

Revenue jumped 22% from last year to $10.1 billion.

On average, Wall Street analysts expected a slightly smaller profit of 55 cents per share, on lower revenue of $9.4 billion.

Looking ahead, the company raised its full-year sales forecast to $39.5 billion, up from a prior outlook of $38.5 billion. For the current third quarter, it expects profits to range from 51 to 53 cents per share.

Johnson Controls shares fell 33 cents, or -0.8%, in premarket trading Monday.

The Bottom Line
Shares of Johnson Controls ( JCI ) have a 1.57% dividend yield of $40.73. The stock has technical support in the $36 price area. If the shares can firm up, we see overhead resistance around the $42-$44 price levels.

Johnson Controls, Inc. ( JCI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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