Johnson Controls International PLC (NYSE:JCI) announced a quarterly dividend on Wednesday, June 13th, RTT News reports. Shareholders of record on Monday, June 25th will be paid a dividend of 0.26 per share by the auto parts company on Friday, July 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, June 22nd.
Johnson Controls International has raised its dividend payment by an average of 4.4% annually over the last three years. Johnson Controls International has a payout ratio of 37.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Johnson Controls International to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 34.1%.
Shares of Johnson Controls International opened at $35.04 on Friday, Marketbeat.com reports. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $32.45 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85. Johnson Controls International has a fifty-two week low of $32.89 and a fifty-two week high of $44.37.
A number of research analysts recently weighed in on JCI shares. Zacks Investment Research upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Royal Bank of Canada cut shares of Johnson Controls International from a “sector perform” rating to an “underperform” rating in a report on Thursday, April 5th. Cowen restated a “hold” rating and issued a $36.00 price objective on shares of Johnson Controls International in a report on Monday, April 16th. ValuEngine cut shares of Johnson Controls International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Robert W. Baird restated a “hold” rating and issued a $38.00 price objective on shares of Johnson Controls International in a report on Thursday, April 19th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.50.
In related news, insider Rodney M. Rushing sold 8,148 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $36.55, for a total value of $297,809.40. Following the completion of the transaction, the insider now owns 31,999 shares in the company, valued at $1,169,563.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by insiders.
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. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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