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]
47% more call options, than puts
Call options by funds: $501M | Put options by funds: $340M
43% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 96
11% more repeat investments, than reductions
Existing positions increased: 399 | Existing positions reduced: 358
11% more capital invested
Capital invested by funds: $41.2B [Q2] → $45.7B (+$4.47B) [Q3]
4% more funds holding
Funds holding: 1,036 [Q2] → 1,077 (+41) [Q3]
3.98% less ownership
Funds ownership: 92.04% [Q2] → 88.06% (-3.98%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Julian Mitchell 61% 1-year accuracy 62 / 101 met price target | 3%upside $83 | Equal-Weight Maintained | 5 Dec 2024 |
UBS Amit Mehrotra 20% 1-year accuracy 2 / 10 met price target | 12%upside $90 | Neutral Assumed | 13 Nov 2024 |
Oppenheimer Noah Kaye 65% 1-year accuracy 39 / 60 met price target | 8%upside $87 | Outperform Maintained | 7 Nov 2024 |
Baird Timothy Wojs 54% 1-year accuracy 25 / 46 met price target | 5%upside $85 | Neutral Maintained | 7 Nov 2024 |
RBC Capital Deane Dray 54% 1-year accuracy 35 / 65 met price target | 7%upside $86 | Sector Perform Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 12 articles about JCI published over the past 30 days