Johnson Controls InternationalJCI
Market Cap: $45.3B
About: Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
Employees: 100,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 9 (+3) [Q2]
37% more call options, than puts
Call options by funds: $433M | Put options by funds: $316M
37% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 76
3% more funds holding
Funds holding: 996 [Q1] → 1,024 (+28) [Q2]
5% more repeat investments, than reductions
Existing positions increased: 380 | Existing positions reduced: 361
0% less capital invested
Capital invested by funds: $40.5B [Q1] → $40.5B (-$660K) [Q2]
5.21% less ownership
Funds ownership: 95.76% [Q1] → 90.55% (-5.21%) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 25%upside $85 | Overweight Initiated | 6 Sept 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 2%upside $69 | Sector Perform Upgraded | 14 Aug 2024 |
Goldman Sachs Joe Ritchie 68% 1-year accuracy 15 / 22 met price target | 19%upside $81 | Buy Maintained | 2 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 10%downside $61 | Underperform Maintained | 1 Aug 2024 |
Wells Fargo Joe O'Dea 57% 1-year accuracy 12 / 21 met price target | 18%upside $80 | Overweight Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 5 articles about JCI published over the past 30 days