Johnson Controls International plc (NYSE:JCI – Get Free Report) declared a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.40 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th.
Johnson Controls International has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Johnson Controls International has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance
NYSE:JCI opened at $147.11 on Thursday. The firm has a market capitalization of $89.75 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.54 and a beta of 1.32. Johnson Controls International has a 52-week low of $100.86 and a 52-week high of $148.38. The stock has a fifty day moving average of $138.76 and a 200 day moving average of $129.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04.
Analyst Upgrades and Downgrades
JCI has been the subject of several research analyst reports. UBS Group lifted their price target on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird lifted their price target on Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Barclays lifted their price target on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Wells Fargo & Company boosted their target price on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane initiated coverage on Johnson Controls International in a research note on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $149.79.
Get Our Latest Stock Analysis on Johnson Controls International
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.
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