Johnson Controls International PLC (NYSE:JCI) declared a quarterly dividend on Wednesday, September 13th, RTT News reports. Investors of record on Monday, September 25th will be paid a dividend of 0.25 per share by the auto parts company on Friday, October 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, September 22nd.
Johnson Controls International PLC has raised its dividend payment by an average of 26.7% per year over the last three years and has increased its dividend every year for the last 6 years. Johnson Controls International PLC has a dividend payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Johnson Controls International PLC to earn $2.96 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 33.8%.
Johnson Controls International PLC (NYSE:JCI) opened at 39.81 on Friday. The company has a 50-day moving average price of $39.03 and a 200-day moving average price of $41.33. Johnson Controls International PLC has a one year low of $36.74 and a one year high of $46.86. The company’s market capitalization is $37.12 billion.
Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. Analysts expect that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.
A number of research firms recently issued reports on JCI. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Robert W. Baird restated a “buy” rating and set a $50.00 target price on shares of Johnson Controls International PLC in a research report on Monday, August 28th. Cowen and Company restated an “outperform” rating and set a $48.00 target price on shares of Johnson Controls International PLC in a research report on Monday, August 21st. BidaskClub downgraded shares of Johnson Controls International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Morgan Stanley decreased their target price on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $49.13.
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.
Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.