Johnson Controls International PLC Declares Quarterly Dividend of $0.26 (NYSE:JCI)

Johnson Controls International PLC (NYSE:JCI) declared a quarterly dividend on Wednesday, December 4th, RTT News reports. Investors of record on Monday, December 16th will be given a dividend of 0.26 per share on Friday, January 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.45%.

JCI stock traded up $0.67 during trading on Wednesday, hitting $42.46. The company had a trading volume of 213,137 shares, compared to its average volume of 4,130,457. The firm has a 50-day moving average price of $42.71 and a 200-day moving average price of $41.76. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.32. The firm has a market cap of $33.04 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94. Johnson Controls International has a 1-year low of $28.30 and a 1-year high of $44.82.

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Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Johnson Controls International had a return on equity of 8.04% and a net margin of 23.67%. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that Johnson Controls International will post 2.54 earnings per share for the current year.

Several equities research analysts have recently commented on JCI shares. Barclays restated a “hold” rating and set a $43.00 price target on shares of Johnson Controls International in a research note on Sunday, November 10th. JPMorgan Chase & Co. lifted their price objective on shares of Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Johnson Controls International has an average rating of “Hold” and a consensus target price of $41.29.

In related news, insider Rodney M. Rushing sold 14,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $44.28, for a total transaction of $619,920.00. Following the sale, the insider now owns 30,767 shares of the company’s stock, valued at $1,362,362.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rodney M. Rushing sold 13,908 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $42.88, for a total transaction of $596,375.04. Following the transaction, the insider now owns 16,767 shares in the company, valued at $718,968.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,043 shares of company stock worth $8,203,590. Company insiders own 0.50% of the company’s stock.

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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