Johnson Controls International plc (JCI) To Go Ex-Dividend on December 23rd

Johnson Controls International plc (NYSE:JCI) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Shareholders of record on Monday, December 23rd will be paid a dividend of 0.37 per share on Friday, January 17th. This represents a $1.48 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Monday, December 23rd.

Johnson Controls International has raised its dividend by an average of 12.2% per year over the last three years. Johnson Controls International has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Johnson Controls International to earn $4.14 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 35.7%.

Johnson Controls International Stock Up 2.5 %

Johnson Controls International stock opened at $80.64 on Friday. The business’s 50-day moving average price is $81.00 and its 200 day moving average price is $74.19. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market cap of $53.40 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. Johnson Controls International has a 52 week low of $51.71 and a 52 week high of $87.16.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, UBS Group assumed coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus price target of $80.93.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 761,588 shares of company stock valued at $62,711,800. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.