Johnson Controls International plc (JCI) to Issue Quarterly Dividend of $0.37 on April 17th

Johnson Controls International plc (NYSE:JCI) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Monday, March 24th will be given a dividend of 0.37 per share on Thursday, April 17th. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, March 24th.

Johnson Controls International has raised its dividend by an average of 8.8% annually over the last three years. Johnson Controls International has a dividend payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Johnson Controls International to earn $4.26 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 34.7%.

Johnson Controls International Stock Down 0.6 %

JCI opened at $82.64 on Friday. The firm has a 50-day simple moving average of $82.70 and a two-hundred day simple moving average of $80.04. Johnson Controls International has a 52 week low of $59.83 and a 52 week high of $91.14. The company has a market capitalization of $54.55 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Analysts forecast that Johnson Controls International will post 3.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

JCI has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 905,864 shares of company stock worth $77,824,710 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

An institutional investor recently bought a new position in Johnson Controls International stock. Brighton Jones LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,809 shares of the company’s stock, valued at approximately $222,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.