Johnson Controls International plc Declares Quarterly Dividend of $0.40 (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI) announced a quarterly dividend on Wednesday, June 3rd. Investors of record on Monday, June 15th will be paid a dividend of 0.40 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th.

Johnson Controls International has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Johnson Controls International has a payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Johnson Controls International to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 28.2%.

Johnson Controls International Stock Performance

JCI stock opened at $147.11 on Thursday. Johnson Controls International has a 1-year low of $100.86 and a 1-year high of $148.38. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $138.76 and its two-hundred day moving average price is $129.39. The firm has a market cap of $89.75 billion, a PE ratio of 26.32, a P/E/G ratio of 1.54 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, research analysts forecast that Johnson Controls International will post 4.86 earnings per share for the current year.

Analysts Set New Price Targets

JCI has been the topic of a number of research reports. Morgan Stanley boosted their price target on Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 11th. Rothschild & Co Redburn boosted their price target on Johnson Controls International from $137.00 to $150.00 and gave the company a “buy” rating in a report on Monday, February 9th. HSBC boosted their price target on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Robert W. Baird boosted their price target on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Barclays boosted their price target on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus target price of $149.79.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi?industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building?related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air?conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.