Johnson Controls International
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: 94,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 15 (+6) [Q3]
66% more first-time investments, than exits
New positions opened: 138 | Existing positions closed: 83
47% more call options, than puts
Call options by funds: $505M | Put options by funds: $344M
11% more repeat investments, than reductions
Existing positions increased: 399 | Existing positions reduced: 358
10% more capital invested
Capital invested by funds: $41.5B [Q2] → $45.9B (+$4.36B) [Q3]
4% more funds holding
Funds holding: 1,036 [Q2] → 1,078 (+42) [Q3]
4.29% less ownership
Funds ownership: 92.76% [Q2] → 88.47% (-4.29%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
JP Morgan Stephen Tusa 73% 1-year accuracy 22 / 30 met price target | 7%upside $87 | Overweight Maintained | 15 Jan 2025 |
Citigroup Andrew Kaplowitz 66% 1-year accuracy 53 / 80 met price target | 4%upside $84 | Neutral Maintained | 13 Jan 2025 |
Wells Fargo Joe O'Dea 80% 1-year accuracy 12 / 15 met price target | 13%upside $92 | Overweight Maintained | 7 Jan 2025 |
Barclays Julian Mitchell 63% 1-year accuracy 70 / 111 met price target | 2%upside $83 | Equal-Weight Maintained | 5 Dec 2024 |
UBS Amit Mehrotra 33% 1-year accuracy 3 / 9 met price target | 11%upside $90 | Neutral Assumed | 13 Nov 2024 |
Financial journalist opinion
Based on 7 articles about JCI published over the past 30 days