Johnson Controls International plc (NYSE:JCI – Get Free Report) declared a quarterly dividend on Thursday, December 4th. Investors of record on Monday, December 22nd will be paid a dividend of 0.40 per share on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, December 22nd.
Johnson Controls International has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Johnson Controls International has a dividend 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
Shares of JCI opened at $114.22 on Friday. The company has a 50 day moving average of $113.31 and a 200-day moving average of $108.06. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. Johnson Controls International has a twelve month low of $68.03 and a twelve month high of $123.78. The stock has a market capitalization of $69.80 billion, a P/E ratio of 22.44, a P/E/G ratio of 1.37 and a beta of 1.41.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $124.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wolfe Research boosted their target price on shares of Johnson Controls International from $135.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Royal Bank Of Canada increased their price target on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley boosted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.32.
Get Our Latest Stock Report on JCI
About Johnson Controls International
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.
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