Johnson Controls International plc

NYSE:JCI Stock Report

Market Cap: US$84.5b

Johnson Controls International Dividends and Buybacks

Dividend criteria checks 3/6

Johnson Controls International is a dividend paying company with a current yield of 1.11% that is well covered by earnings.

Key information

1.1%

Dividend yield

7.0%

Buyback Yield

Total Shareholder Yield8.1%
Future Dividend Yield1.4%
Dividend Growth3.7%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio11%

Recent dividend and buyback updates

Recent updates

Seeking Alpha • Jul 19

Johnson Controls: Strong Growth On High Data Center Demand, Technical Concerns Loom (Rating Downgrade)

Summary Johnson Controls is well-positioned to benefit from robust data center growth, driving strong double-digit earnings expectations over the next three years. JCI's record $20 billion backlog, advanced technology ownership, and focus on AI-enabled HVAC solutions underpin its competitive advantage and long-term growth strategy. Despite attractive PEG and margin expansion, JCI faces near-term technical risks, with potential for further pullback as investors lock in profits. I am lowering my rating to 'Hold' due to technical concerns, despite a favorable long-term outlook and reasonable valuation. Read the full article on Seeking Alpha
Narrative Update • Jul 14

JCI: Data Center Cooling Demand Will Drive Future Upside Potential

Analysts have modestly raised the fair value estimate for Johnson Controls International to $186 from $180, citing support from higher price targets tied to data center related demand, operational changes, and early benefits from the company’s ongoing revamp and lean transformation efforts. Analyst Commentary Recent Street research on Johnson Controls International points to a cluster of supportive views around the stock, with several bullish analysts adjusting fair values and price targets in light of data center demand and early progress on the company’s operational revamp.
Narrative Update • Jun 29

JCI: Future Upside Will Depend On Data Center Cooling Execution

The analyst price target for Johnson Controls International has been raised from $138.11 to $155.21 as analysts factor in higher projected revenue growth, slightly stronger profit margins, and supportive research citing data center demand, operational changes, and potential portfolio actions. Analyst Commentary Recent research on Johnson Controls International points to a mix of optimism and caution, with several firms adjusting price targets and reassessing execution risks as the company focuses on data center demand and internal transformation efforts.
Narrative Update • Jun 15

JCI: Data Center Cooling And Operational Revamp Will Drive Future Upside

The Analyst Price Target for Johnson Controls International has been adjusted from $177 to $180. Analysts point to data center related demand for chillers, ongoing operational changes, and potential capital actions in the fire and security segment as key drivers of their updated view.
Narrative Update • Jun 01

JCI: AI Data Center Partnership And Execution Will Support Future Upside

Analysts have lifted the Johnson Controls International fair value estimate by $4 to $177, reflecting updated assumptions around revenue growth, profit margins, and a lower future P/E multiple in light of a series of recent price target increases across the Street. Analyst Commentary Recent Street research around Johnson Controls International reflects a cluster of higher price targets and fresh coverage that many investors are watching closely.
Narrative Update • May 04

JCI: Elevated HVAC Expectations Will Pressure Shares If Data Center Cooling Disappoints

The analyst price target for Johnson Controls International has increased by about $1 as analysts factor in updated earnings estimates, a slightly higher assumed revenue growth rate and P/E multiple, a modestly lower profit margin, and a mix of new bullish and bearish coverage. Analyst Commentary Recent Street research around Johnson Controls International has been mixed, with several firms revising price targets and introducing fresh coverage.
Narrative Update • Apr 19

JCI: AI Data Center Cooling Cycle Will Support Future Upside

The analyst price target for Johnson Controls International has been raised by $3 to $173. This change reflects updated analyst views that factor in adjusted fair value assumptions, a revised discount rate, and refreshed estimates for revenue growth, profit margin, and future P/E multiples, alongside a mix of recent bullish and more cautious initiation reports.
Narrative Update • Apr 05

JCI: HVAC Supercycle Reliance Will Challenge Shares If Data Center Cooling Shifts

Analysts have modestly raised the blended price target and fair value estimate for Johnson Controls, with the fair value moving from $113.27 to $114.40, as they refresh forecasts following recent earnings updates and a series of upward price target revisions across major firms. Analyst Commentary Recent research updates around Johnson Controls cluster around higher price targets and refreshed earnings estimates following the latest results.
Narrative Update • Mar 22

JCI: Applied HVAC Supercycle And AI Cooling Demand Will Support Upside

Analysts have lifted their Johnson Controls International price targets, with moves such as Morgan Stanley's increase to $140 and Melius Research's $148 target reflecting updated earnings estimates and a broader view that applied HVAC demand extends well beyond data centers. Analyst Commentary Bullish analysts are leaning into a more constructive view on Johnson Controls International, pointing to recent price target changes and rating shifts as signals of growing confidence in the story.
Narrative Update • Mar 07

JCI: HVAC Supercycle Dependence Will Pressure Shares If Data Center Demand Shifts

Narrative Update The updated analyst view lifts the Johnson Controls International fair value estimate from about $82.49 to roughly $113.27. This reflects higher Street price targets that are supported by analyst expectations for stronger revenue growth, slightly improved profit margins, and a lower assumed future P/E multiple.
Narrative Update • Feb 21

JCI: Applied HVAC Supercycle And AI Cooling Demand Will Drive Upside

Our analyst price target for Johnson Controls International has been raised from $156.39 to $170.00, reflecting updated assumptions on revenue growth, margins, and future P/E. These are broadly in line with a series of recent price target increases from Street analysts, following their refreshed views on HVAC demand and AI related orders.
Analysis Article • Feb 10

Earnings Tell The Story For Johnson Controls International plc (NYSE:JCI) As Its Stock Soars 25%

Johnson Controls International plc ( NYSE:JCI ) shareholders would be excited to see that the share price has had a...
Narrative Update • Feb 06

JCI: Future Returns Will Hinge On Applied HVAC And AI Cooling Execution

Analysts have lifted their price target on Johnson Controls International to about $138 from roughly $132, reflecting updated assumptions around fair value, slightly higher projected revenue growth and profit margins, and a P/E profile that aligns with a series of recent target increases across the Street. Analyst Commentary Recent research updates on Johnson Controls International show a cluster of higher price targets and at least one rating upgrade, all keyed to refreshed earnings models and sector views rather than a single company specific event.
Narrative Update • Jan 23

JCI: Applied HVAC Supercycle And AI Demand Will Drive Future Upside

The analyst fair value estimate for Johnson Controls International edges higher from US$148.00 to about US$156.39, with analysts pointing to refreshed price targets and updated views on Applied HVAC demand, aftermarket strength, and broader AI related order trends across recent research. Analyst Commentary Recent research on Johnson Controls International points to a cluster of bullish analysts revisiting their models, lifting price targets and, in several cases, upgrading ratings following earnings and sector specific news.
Narrative Update • Jan 09

JCI: Applied HVAC Cycle And AI Projects Will Support Future Upside

Analysts have nudged their fair value estimate for Johnson Controls International higher from US$130.00 to US$148.00, citing updated research that points to resilient applied HVAC demand, supportive artificial intelligence related orders, and recent price target raises across the Street. Analyst Commentary Recent Street research around Johnson Controls International has tilted more constructive, with several bullish analysts adjusting their fair value work higher and framing the recent share pullback as an opportunity rather than a signal of weakening fundamentals.
Analysis Article • Jan 03

Johnson Controls International (NYSE:JCI) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update • Dec 25

JCI: Future Returns Will Rely On Applied HVAC And Aftermarket Execution

Analysts have nudged our Johnson Controls International fair value estimate slightly lower to $131.50 from $131.78, even as they cite higher Street price targets and confidence in achievable guidance, supported by solid Q4 execution and momentum in Applied HVAC and aftermarket demand. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent Q4 earnings beat, with segment EBITA exceeding consensus, as evidence that management can execute against its guidance and support a higher valuation multiple.
Narrative Update • Dec 11

JCI: Future Returns Will Depend On Applied HVAC And Aftermarket Demand Momentum

Analysts have nudged our Johnson Controls International price target higher, reflecting Street moves from about $105 to $124, to a new range of $119 to $142, which highlights better than expected Q4 segment EBITA, broad based geographic momentum, and confidence in management's HVAC and aftermarket guidance. Analyst Commentary Street research following the Q4 print reflects a generally constructive stance on Johnson Controls International, with several firms lifting price targets in response to outperformance and improved confidence in the growth outlook.
Narrative Update • Nov 27

JCI: Future Returns Will Depend On HVAC And Data Center Demand Momentum

Johnson Controls International's analyst price target was raised from $124 to approximately $132. This change reflects improved earnings, accelerated revenue growth, and resilient performance in key segments as noted by analysts.
Narrative Update • Nov 07

JCI: Future Performance Will Depend On Sustained HVAC Momentum And Market Execution

Analysts have raised their price target for Johnson Controls International from $117.89 to $124.00, citing a stronger growth outlook and improved profitability. This is supported by robust segment performance and continued demand momentum.
Narrative Update • Oct 23

Data Center Momentum And Share Buybacks Will Fuel Sustained Market Confidence

The average analyst price target for Johnson Controls International has increased from $114.95 to $117.89. This reflects growing optimism about the company's outlook as analysts cite improving demand in select segments and recently positive valuation trends.
Narrative Update • Oct 09

Lean Practices And York HVAC Systems Will Drive Future Success

Analysts have modestly increased their price target for Johnson Controls International to approximately $114.95 from $113.55, citing anticipated gains in data center demand and a favorable sector outlook. Analyst Commentary Recent updates from Wall Street reflect a cautiously optimistic sentiment toward Johnson Controls International.
Narrative Update • Sep 16

Lean Practices And York HVAC Systems Will Drive Future Success

Analysts have raised their price target for Johnson Controls International, citing a justified valuation re-rating, upward earnings revisions, and broad industrial sector strength, resulting in a modest increase in fair value from $112.85 to $113.55. Analyst Commentary Bullish analysts cite a well-warranted valuation re-rating over the past twelve months.
Analysis Article • Sep 03

With Johnson Controls International plc (NYSE:JCI) It Looks Like You'll Get What You Pay For

Johnson Controls International plc's ( NYSE:JCI ) price-to-earnings (or "P/E") ratio of 34.8x might make it look like a...
Analysis Article • Aug 06

The Strong Earnings Posted By Johnson Controls International (NYSE:JCI) Are A Good Indication Of The Strength Of The Business

NYSE:JCI 1 Year Share Price vs Fair Value Explore Johnson Controls International's Fair Values from the Community and...
Seeking Alpha • Apr 24

Johnson Controls International: Greater Focus, Better Performance

Summary Johnson Controls International plc's HVAC divestment to Bosch, though reducing earnings, improves strategic focus and organic growth, warranting a modest re-rating of shares. Despite a large tax bill and modest multiples from the sale, the company's deleveraging and improved operating momentum are positive signs. The market appreciates the enhanced focus and growth prospects, with shares hitting highs around $90 before settling at $78. While the business performance is encouraging, current JCI share levels seem fairly valued, lacking a compelling risk-reward proposition. Read the full article on Seeking Alpha
Seeking Alpha • Feb 10

Good Topline And Margin Expansion Potential Makes Johnson Controls A Buy

Summary Johnson Controls' stock rally is driven by sustained fundamental improvements, with revenue growth expected to outpace historical averages due to data center demand and service revenue increases. I believe the company can grow revenue by mid-single digits, supported by a robust order backlog, data center demand, and the expanding services segment. I also believe that the margins should expand given management initiatives, which should lead to even faster bottom line growth. Despite trading at slightly expensive valuations, I believe it is justified given strong revenue and margin prospects, making JCI a compelling growth at a reasonable price opportunity. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: JCI's dividend payments have been volatile in the past 10 years.

Growing Dividend: JCI's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

Johnson Controls International Dividend Yield vs Market
How does JCI dividend yield compare to the market?
SegmentDividend Yield
Company (JCI)1.1%
Market Bottom 25% (US)1.3%
Market Top 25% (US)4.0%
Industry Average (Building)1.2%
Analyst forecast (JCI) (up to 3 years)1.4%

Notable Dividend: JCI's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: JCI's dividend (1.11%) is low compared to the top 25% of dividend payers in the US market (4%).

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.3%), JCI's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (58.4%), JCI's dividend payments are covered by cash flows.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/30 21:44
End of Day Share Price 2026/07/30 00:00
Earnings2026/06/30
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Johnson Controls International plc is covered by 38 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Timothy WojsBaird
Varun GovindarajBernstein