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

Johnson Controls International plc (NYSE:JCI - Get Free Report) declared a quarterly dividend on Wednesday, June 11th, RTT News reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.37 per share on Friday, July 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.43%.

Johnson Controls International has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.5%

Shares of JCI traded up $0.56 during trading hours on Thursday, hitting $103.75. 1,514,858 shares of the stock were exchanged, compared to its average volume of 4,282,392. Johnson Controls International has a fifty-two week low of $64.31 and a fifty-two week high of $104.15. The business has a 50-day moving average of $89.45 and a 200-day moving average of $84.60. The firm has a market capitalization of $68.27 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. 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 (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the business posted $0.78 EPS. The business's revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Johnson Controls International will post 3.64 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on JCI shares. Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a report on Thursday, May 8th. Oppenheimer boosted their price target on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group reissued a "buy" rating and set a $116.00 price objective (up from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Robert W. Baird raised their target price on Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Barclays lifted their target price on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of "Moderate Buy" and an average target price of $97.88.

Insider Activity at Johnson Controls International

In other news, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total transaction of $1,546,950.00. Following the completion of the transaction, the vice president now directly owns 42,574 shares of the company's stock, valued at $4,390,656.62. This represents a 26.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the sale, the chief financial officer now directly owns 147,673 shares in the company, valued at $13,426,429.16. This trade represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,224 shares of company stock worth $14,883,604. 0.54% of the stock is owned by company insiders.

Institutional Trading of Johnson Controls International

A hedge fund recently bought a new stake in Johnson Controls International stock. Brighton Jones LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 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.