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

Johnson Controls International plc (NYSE:JCI) announced 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 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 24th.

Johnson Controls International has increased its dividend payment by an average of 8.8% annually over the last three years. Johnson Controls International has a dividend payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings. Research 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 1.7 %

JCI stock opened at $77.33 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. Johnson Controls International has a 52-week low of $59.83 and a 52-week high of $91.14. The company has a 50-day moving average of $82.41 and a two-hundred day moving average of $79.61. The stock has a market capitalization of $51.05 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities research analysts anticipate that Johnson Controls International will post 3.64 EPS for the current year.

Analyst Upgrades and Downgrades

JCI has been the subject of several research reports. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. Argus upgraded 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. Barclays reduced their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company increased their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.27.

Insider Transactions at Johnson Controls International

In other 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 transaction of $18,060,939.04. Following the completion of 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 trade represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction that occurred 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 directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 706,050 shares of company stock valued at $61,972,667. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Johnson Controls International

A hedge fund recently bought a new stake in Johnson Controls International stock. Brighton Jones LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,809 shares of the company’s stock, valued at approximately $222,000. Institutional investors own 90.05% of the company’s stock.

About Johnson Controls International

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.