Johnson Controls International plc (NYSE:JCI) Plans $0.27 Quarterly Dividend

Johnson Controls International plc (NYSE:JCI) declared a quarterly dividend on Wednesday, June 9th, RTT News reports. Shareholders of record on Monday, June 21st will be paid a dividend of 0.27 per share on Friday, July 16th. This represents a $1.08 annualized dividend and a yield of 1.61%.

Johnson Controls International has increased its dividend by 3.0% over the last three years and has raised its dividend every year for the last 1 years.

Johnson Controls International stock opened at $66.98 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.17 and a quick ratio of 0.94. Johnson Controls International has a 52 week low of $32.70 and a 52 week high of $68.33. The firm has a market cap of $48.01 billion, a PE ratio of 45.88, a P/E/G ratio of 3.15 and a beta of 1.08. The stock’s fifty day simple moving average is $63.90.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, April 29th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.56 billion. Johnson Controls International had a return on equity of 9.31% and a net margin of 4.74%. Johnson Controls International’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. As a group, research analysts anticipate that Johnson Controls International will post 2.63 earnings per share for the current year.

A number of equities research analysts have commented on JCI shares. Morgan Stanley upped their price target on Johnson Controls International from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 3rd. Barclays upgraded Johnson Controls International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $67.00 to $75.00 in a research report on Wednesday, May 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Johnson Controls International from $62.00 to $68.00 and gave the company a “hold” rating in a research note on Monday, May 3rd. Credit Suisse Group boosted their price objective on Johnson Controls International from $66.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday. Finally, UBS Group raised Johnson Controls International to a “buy” rating and boosted their price objective for the company from $57.00 to $70.00 in a research note on Thursday, April 22nd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Johnson Controls International currently has an average rating of “Buy” and a consensus target price of $57.94.

Johnson Controls International announced that its Board of Directors has authorized a share repurchase program on Thursday, March 11th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

In other news, CEO George Oliver sold 176,754 shares of the stock in a transaction that occurred on Thursday, June 3rd. The stock was sold at an average price of $66.36, for a total value of $11,729,395.44. Following the completion of the sale, the chief executive officer now directly owns 1,315,351 shares of the company’s stock, valued at $87,286,692.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jeffrey M. Williams sold 19,196 shares of the company’s stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $66.08, for a total value of $1,268,471.68. Following the completion of the transaction, the vice president now directly owns 84,228 shares of the company’s stock, valued at $5,565,786.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 235,950 shares of company stock valued at $15,631,067. Company insiders own 0.76% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. It operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, refrigeration, integrated electronic security, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications.

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Dividend History for Johnson Controls International (NYSE:JCI)

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