Johnson Controls International plc (JCI) To Go Ex-Dividend on June 15th

Johnson Controls International plc (NYSE:JCI) announced a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be given a dividend of 0.40 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th.

Johnson Controls International has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Johnson Controls International has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Johnson Controls International to earn $5.67 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 28.2%.

Johnson Controls International Price Performance

NYSE JCI opened at $147.35 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International has a 12-month low of $100.86 and a 12-month high of $148.38. The company has a market capitalization of $89.90 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. The firm’s 50 day moving average is $138.98 and its 200-day moving average is $129.59.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The company had revenue of $6.14 billion for the quarter. Equities research analysts anticipate that Johnson Controls International will post 4.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCI. Strategic Investment Advisors MI increased its stake in Johnson Controls International by 1.5% in the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after purchasing an additional 78 shares during the period. UMB Bank n.a. increased its stake in Johnson Controls International by 2.5% in the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares during the period. Lcnb Corp increased its stake in Johnson Controls International by 4.0% in the 4th quarter. Lcnb Corp now owns 2,094 shares of the company’s stock worth $251,000 after purchasing an additional 81 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in Johnson Controls International by 6.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,257 shares of the company’s stock worth $165,000 after purchasing an additional 81 shares during the period. Finally, Catalyst Financial Partners LLC increased its stake in Johnson Controls International by 2.5% in the 3rd quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock worth $374,000 after purchasing an additional 84 shares during the period. 90.05% of the stock is owned by institutional investors.

About Johnson Controls International

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.