Johnson Controls International plc (NYSE:JCI – Get Free Report) announced a quarterly dividend on Thursday, December 4th. Investors of record on Monday, December 22nd will be given a dividend of 0.40 per share on Friday, January 16th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 22nd.
Johnson Controls International has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Johnson Controls International has a payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Johnson Controls International to earn $4.26 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 37.6%.
Johnson Controls International Price Performance
JCI opened at $119.48 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.93. The stock has a market capitalization of $73.02 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.41 and a beta of 1.41. The company’s 50-day simple moving average is $115.00 and its two-hundred day simple moving average is $109.27. Johnson Controls International has a 52-week low of $68.03 and a 52-week high of $123.78.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on JCI. Mizuho boosted their target price on shares of Johnson Controls International from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Robert W. Baird upped their price objective on Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group dropped their target price on Johnson Controls International from $142.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays upped their price target on shares of Johnson Controls International from $101.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and an average target price of $121.05.
Get Our Latest Stock Report on JCI
Johnson Controls International Company Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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