Johnson Controls International plc to Issue Quarterly Dividend of $0.37 (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Shareholders of record on Monday, December 23rd will be paid a dividend of 0.37 per share on Friday, January 17th. This represents a $1.48 annualized dividend and a yield of 1.78%.

Johnson Controls International has increased its dividend payment by an average of 12.2% per year over the last three years. Johnson Controls International has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Johnson Controls International to earn $4.14 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 35.7%.

Johnson Controls International Price Performance

JCI stock opened at $83.12 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $79.77 and its two-hundred day moving average price is $73.44. The stock has a market capitalization of $55.04 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.30 and a beta of 1.31. Johnson Controls International has a 12-month low of $51.70 and a 12-month high of $87.16.

Wall Street Analysts Forecast Growth

JCI has been the subject of several research analyst reports. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. UBS Group began coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Oppenheimer boosted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $78.57.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 10,304 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $84.14, for a total transaction of $866,978.56. Following the sale, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $98,190,706.88. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 740,662 shares of company stock worth $59,869,133 in the last 90 days. Insiders own 0.69% 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.