Johnson Controls International plc (NYSE:JCI) Increases Dividend to $0.40 Per Share

Key Points

• Johnson Controls International plc announced a quarterly dividend of $0.40 per share, representing an 8.1% increase from its previous dividend of $0.37.
• The company has a dividend payout ratio of 35.0%, indicating strong earnings coverage for the dividend, which is expected to stay sustainable with projected earnings of $4.26 per share next year.
• Recent insider selling involved VP Nathan D. Manning and VP Daniel C. Mcconeghy, who sold shares valued at over $775,000 combined, leading to a minor decline in their ownership stakes in the company.

Johnson Controls International plc (NYSE:JCI - Get Free Report) announced a quarterly dividend on Wednesday, September 10th, RTT News reports. Stockholders of record on Monday, September 22nd will be paid a dividend of 0.40 per share on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a 8.1% increase from Johnson Controls International's previous quarterly dividend of $0.37.

Johnson Controls International has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. 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 0.3%

Shares of Johnson Controls International stock traded down $0.27 during midday trading on Friday, hitting $107.55. The company's stock had a trading volume of 2,826,261 shares, compared to its average volume of 4,314,553. The firm has a market capitalization of $70.38 billion, a P/E ratio of 31.91, a PEG ratio of 1.92 and a beta of 1.31. The stock has a 50-day simple moving average of $106.70 and a 200-day simple moving average of $95.51. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Johnson Controls International has a 1-year low of $68.03 and a 1-year high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, sell-side analysts expect that Johnson Controls International will post 3.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on JCI shares. Jefferies Financial Group reissued a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. Morgan Stanley lifted their price objective on Johnson Controls International from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Zacks Research raised Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Finally, Citigroup lifted their price objective on Johnson Controls International from $110.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of "Hold" and an average price target of $105.72.

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.