Johnson Controls International plc Ordinary Share (NYSE:JCI) declared a quarterly dividend on Wednesday, March 7th, RTT News reports. Stockholders of record on Monday, March 19th will be paid a dividend of 0.26 per share by the auto parts company on Friday, April 13th. This represents a $1.04 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Friday, March 16th.
Johnson Controls International plc Ordinary Share has increased its dividend by an average of 4.4% per year over the last three years. Johnson Controls International plc Ordinary Share has a dividend payout ratio of 37.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Johnson Controls International plc Ordinary Share to earn $3.02 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 34.4%.
JCI stock traded down $1.31 on Monday, reaching $33.93. The company’s stock had a trading volume of 4,568,650 shares, compared to its average volume of 6,020,509. Johnson Controls International plc Ordinary Share has a 12-month low of $33.55 and a 12-month high of $44.37. The firm has a market capitalization of $32,636.58, a price-to-earnings ratio of 13.05, a PEG ratio of 1.17 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.
Johnson Controls International plc Ordinary Share (NYSE:JCI) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Johnson Controls International plc Ordinary Share had a return on equity of 11.73% and a net margin of 5.92%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. equities research analysts anticipate that Johnson Controls International plc Ordinary Share will post 2.79 earnings per share for the current year.
JCI has been the subject of a number of research analyst reports. UBS initiated coverage on Johnson Controls International plc Ordinary Share in a research note on Monday, January 22nd. They issued a “buy” rating for the company. Oppenheimer reaffirmed a “buy” rating and issued a $45.00 price target on shares of Johnson Controls International plc Ordinary Share in a research note on Thursday, February 1st. Barclays began coverage on Johnson Controls International plc Ordinary Share in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $41.00 price target for the company. Cowen reissued a “hold” rating and set a $42.00 price objective on shares of Johnson Controls International plc Ordinary Share in a research report on Wednesday, February 7th. Finally, ValuEngine lowered Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.91.
In other news, VP Jeffrey M. Williams sold 27,734 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $40.00, for a total transaction of $1,109,360.00. Following the completion of the transaction, the vice president now directly owns 201,961 shares in the company, valued at $8,078,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rodney M. Rushing sold 14,199 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $37.88, for a total value of $537,858.12. Following the transaction, the insider now owns 39,847 shares of the company’s stock, valued at $1,509,404.36. The disclosure for this sale can be found here. 0.43% of the stock is owned by company insiders.
Johnson Controls International plc Ordinary Share announced that its Board of Directors has approved a share repurchase program on Thursday, December 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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About Johnson Controls International plc Ordinary Share
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.
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