Johnson Controls International PLC (NYSE:JCI) declared a quarterly dividend on Wednesday, September 16th, RTT News reports. Investors of record on Monday, September 28th will be paid a dividend of 0.26 per share on Friday, October 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.43%.
Johnson Controls International has decreased its dividend by 10.4% over the last three years and has increased its dividend every year for the last 1 years.
Johnson Controls International stock traded up $0.44 during midday trading on Wednesday, reaching $42.73. The company’s stock had a trading volume of 22,809 shares, compared to its average volume of 6,002,780. The firm has a market capitalization of $31.47 billion, a PE ratio of 41.46, a P/E/G ratio of 2.37 and a beta of 1.11. Johnson Controls International has a fifty-two week low of $22.77 and a fifty-two week high of $44.82. The stock’s 50 day simple moving average is $40.25 and its 200 day simple moving average is $33.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 1.08.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.19. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.11 billion. Johnson Controls International had a net margin of 3.54% and a return on equity of 8.77%. The business’s revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Equities analysts predict that Johnson Controls International will post 2.2 earnings per share for the current year.
In other Johnson Controls International news, CFO Brian J. Stief sold 61,953 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $38.54, for a total transaction of $2,387,668.62. Following the completion of the sale, the chief financial officer now owns 36,971 shares in the company, valued at approximately $1,424,862.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John Donofrio sold 38,290 shares of Johnson Controls International stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $42.04, for a total value of $1,609,711.60. Following the sale, the vice president now owns 52,915 shares in the company, valued at $2,224,546.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,863 shares of company stock valued at $4,770,306. Company insiders own 0.61% of the company’s stock.
A number of equities research analysts have recently issued reports on JCI shares. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Monday, June 22nd. Citigroup lifted their price objective on Johnson Controls International from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Cowen reissued a “buy” rating and issued a $36.00 target price on shares of Johnson Controls International in a report on Friday, July 31st. Royal Bank of Canada upgraded Johnson Controls International from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $36.00 to $46.00 in a research report on Tuesday, August 11th. Finally, Morgan Stanley boosted their price objective on shares of Johnson Controls International from $31.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.67.
About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, 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, to non-residential building and industrial applications.
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