Johnson Controls International PLC (NYSE:JCI) Plans Quarterly Dividend of $0.26

Johnson Controls International PLC (NYSE:JCI) declared a quarterly dividend on Wednesday, September 4th, RTT News reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.26 per share on Friday, October 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, September 13th.

Johnson Controls International has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Johnson Controls International to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 40.3%.

Shares of NYSE JCI opened at $44.19 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. The firm has a market cap of $34.13 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.29 and a beta of 0.93. The business’s 50-day simple moving average is $42.14 and its 200-day simple moving average is $39.28. Johnson Controls International has a 52 week low of $28.30 and a 52 week high of $44.12.



Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The business had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Johnson Controls International will post 1.94 earnings per share for the current year.

Several brokerages have recently commented on JCI. JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and raised their target price for the company from $31.00 to $35.00 in a research note on Monday, July 8th. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday, July 1st. Barclays assumed coverage on shares of Johnson Controls International in a research report on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 price target on the stock. Citigroup assumed coverage on shares of Johnson Controls International in a research report on Wednesday, June 5th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, ValuEngine downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $39.22.

In other news, VP Robert M. Vanhimbergen sold 1,700 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $42.99, for a total value of $73,083.00. Following the completion of the sale, the vice president now directly owns 18,324 shares of the company’s stock, valued at $787,748.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rodney M. Rushing sold 10,853 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $41.63, for a total transaction of $451,810.39. Following the completion of the sale, the insider now directly owns 53,594 shares of the company’s stock, valued at $2,231,118.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,819 shares of company stock valued at $7,833,310. Corporate insiders own 0.50% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Dividend History for Johnson Controls International (NYSE:JCI)

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