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

Johnson Controls International plc (NYSE:JCI) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Investors of record on Monday, March 24th will be paid 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 payment by an average of 8.8% annually over the last three years. Johnson Controls International has a dividend payout ratio of 35.4% meaning 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 Trading Down 0.6 %

Shares of Johnson Controls International stock opened at $82.64 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The firm has a fifty day moving average price of $82.70 and a 200 day moving average price of $80.04. Johnson Controls International has a 1 year low of $59.83 and a 1 year high of $91.14. The stock has a market cap 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.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Johnson Controls International will post 3.64 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 905,864 shares of company stock valued at $77,824,710 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

An institutional investor recently bought a new position in Johnson Controls International stock. Brighton Jones LLC bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,809 shares of the company’s stock, valued at approximately $222,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on JCI. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a report on Tuesday, January 28th. Citigroup cut their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.27.

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.