Johnson Controls International PLC (JCI) Declares Quarterly Dividend of $0.25
Johnson Controls International PLC (NYSE:JCI) declared a quarterly dividend on Wednesday, June 14th, RTT News reports. Shareholders of record on Wednesday, June 28th will be given a dividend of 0.25 per share by the auto parts company on Friday, July 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%.
Johnson Controls International PLC has raised its dividend payment by an average of 26.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Johnson Controls International PLC has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Johnson Controls International PLC to earn $3.04 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 32.9%.
Johnson Controls International PLC (NYSE:JCI) traded up 0.38% during trading on Wednesday, reaching $42.08. 584,222 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $41.97 and its 200-day moving average is $42.29. Johnson Controls International PLC has a 12-month low of $39.16 and a 12-month high of $48.97. The company’s market cap is $39.48 billion.
Johnson Controls International PLC (NYSE:JCI) last released its earnings results on Thursday, April 27th. The auto parts company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Johnson Controls International PLC had a negative net margin of 1.69% and a positive return on equity of 11.97%. The company had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the business earned $0.86 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts predict that Johnson Controls International PLC will post $2.63 EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on JCI shares. Argus cut shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th. J P Morgan Chase & Co started coverage on shares of Johnson Controls International PLC in a research report on Monday, March 6th. They set a “neutral” rating and a $44.00 price objective on the stock. Goldman Sachs Group, Inc. (The) cut shares of Johnson Controls International PLC from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $48.00 to $44.00 in a research report on Monday, March 13th. Susquehanna Bancshares Inc upgraded shares of Johnson Controls International PLC from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $47.00 to $49.00 in a research report on Monday, March 20th. They noted that the move was a valuation call. Finally, HSBC Holdings plc started coverage on shares of Johnson Controls International PLC in a research report on Friday, March 31st. They set a “buy” rating and a $50.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.75.
In other news, CEO Alex A. Molinaroli sold 6,335 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total transaction of $265,816.60. Following the completion of the sale, the chief executive officer now directly owns 1,296,407 shares of the company’s stock, valued at $54,397,237.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
About Johnson Controls International PLC
Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.
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