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: 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]
45% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 75
37% more call options, than puts
Call options by funds: $433M | Put options by funds: $316M
3% more funds holding
Funds holding: 999 [Q1] → 1,033 (+34) [Q2]
6% more repeat investments, than reductions
Existing positions increased: 381 | Existing positions reduced: 361
0% more capital invested
Capital invested by funds: $40.5B [Q1] → $40.6B (+$8.64M) [Q2]
5.19% less ownership
Funds ownership: 95.76% [Q1] → 90.57% (-5.19%) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Mizuho Brett Linzey 96% 1-year accuracy 24 / 25 met price target | 2%downside $75 | Neutral Maintained | 17 Oct 2024 |
Wells Fargo Joe O'Dea 79% 1-year accuracy 15 / 19 met price target | 10%upside $84 | Overweight Maintained | 7 Oct 2024 |
Barclays Julian Mitchell 77% 1-year accuracy 62 / 81 met price target | 16%downside $64 | Equal-Weight Maintained | 2 Oct 2024 |
Oppenheimer Noah Kaye 92% 1-year accuracy 49 / 53 met price target | 13%upside $86 | Outperform Maintained | 2 Oct 2024 |
B of A Securities Andrew Obin 88% 1-year accuracy 15 / 17 met price target | 25%upside $95 | Buy Maintained | 27 Sept 2024 |
Financial journalist opinion
Based on 9 articles about JCI published over the past 30 days
