Johnson Controls International plc (JCI) to Issue Quarterly Dividend of $0.37 on January 17th

Johnson Controls International plc (NYSE:JCI) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Stockholders 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 dividend yield of 1.75%. The ex-dividend date is Monday, December 23rd.

Johnson Controls International has raised its dividend by an average of 12.2% annually over the last three years. Johnson Controls International has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of JCI opened at $84.35 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 company has a market capitalization of $55.85 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.34 and a beta of 1.31. The stock has a 50 day moving average of $79.77 and a 200 day moving average of $73.44. Johnson Controls International has a 12 month low of $51.70 and a 12 month high of $87.16.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International 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 owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 740,662 shares of company stock valued at $59,869,133. 0.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays raised their price target on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday. Royal Bank of Canada lifted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley initiated coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $78.57.

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.