Johnson Controls International plc (JCI) to Issue Quarterly Dividend of $0.37 on October 18th

Johnson Controls International plc (NYSE:JCI) declared a quarterly dividend on Wednesday, September 11th, RTT News reports. Shareholders of record on Wednesday, September 25th will be given a dividend of 0.37 per share on Friday, October 18th. This represents a $1.48 annualized dividend and a yield of 2.00%. The ex-dividend date is Wednesday, September 25th.

Johnson Controls International has raised its dividend by an average of 12.2% per year over the last three years. Johnson Controls International has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Johnson Controls International to earn $3.94 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 37.6%.

Johnson Controls International Price Performance

NYSE JCI opened at $74.10 on Monday. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $75.36. The firm has a market capitalization of $49.92 billion, a PE ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. The company’s 50 day simple moving average is $69.95 and its 200 day simple moving average is $67.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. As a group, equities research analysts forecast that Johnson Controls International will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,046 shares of company stock worth $8,347,562. 0.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JCI shares. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Morgan Stanley started coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price for the company. Bank of America raised Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price target for the company from $76.00 to $80.00 in a report on Tuesday, September 10th. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Finally, The Goldman Sachs Group boosted their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.21.

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.