Dodge & Cox Sells 2,712,122 Shares of Johnson Controls International plc $JCI

Key Points

• Dodge & Cox sold 2,712,122 shares of Johnson Controls in Q3 (a 4.1% reduction), leaving 64,210,645 shares — a 9.81% stake in JCI valued at about $7.06 billion and making it Dodge & Cox's second‑largest holding (3.8% of its portfolio).
• Johnson Controls beat quarterly expectations with EPS of $0.89 versus $0.84 and revenue of $5.80 billion (up 6.8% year‑over‑year), and it issued FY2026 guidance of 4.70 EPS (Q2 guidance 1.11 EPS).
• Several analysts have raised price targets and ratings recently, leaving the stock with a consensus Moderate Buy rating and an average target price of $135.53.

Dodge & Cox cut its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,210,645 shares of the company's stock after selling 2,712,122 shares during the quarter. Johnson Controls International accounts for 3.8% of Dodge & Cox's holdings, making the stock its 2nd largest position. Dodge & Cox owned 9.81% of Johnson Controls International worth $7,059,960,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JCI. Robeco Institutional Asset Management B.V. raised its holdings in Johnson Controls International by 9.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,466,780 shares of the company's stock valued at $161,272,000 after acquiring an additional 122,134 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Johnson Controls International by 1,545.8% during the 3rd quarter. Nordea Investment Management AB now owns 2,134,324 shares of the company's stock worth $232,705,000 after purchasing an additional 2,004,643 shares in the last quarter. MGO One Seven LLC grew its holdings in shares of Johnson Controls International by 573.4% during the 3rd quarter. MGO One Seven LLC now owns 62,624 shares of the company's stock worth $6,886,000 after purchasing an additional 53,325 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Johnson Controls International by 6.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,537,151 shares of the company's stock worth $167,380,000 after purchasing an additional 91,563 shares during the period. Finally, Bright Futures Wealth Management LLC. acquired a new position in Johnson Controls International in the third quarter valued at about $583,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JCI shares. Morgan Stanley upped their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $138.00 to $158.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. Mizuho upped their price target on shares of Johnson Controls International from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Melius Research set a $148.00 price target on shares of Johnson Controls International in a research report on Wednesday, January 7th. Finally, Wolfe Research lifted their price objective on shares of Johnson Controls International from $149.00 to $161.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average target price of $135.53.

Insider Buying and Selling at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 3,600 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president directly owned 24,273 shares of the company's stock, valued at $3,460,358.88. The trade was a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Vergnano bought 7,665 shares of Johnson Controls International stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average price of $131.94 per share, for a total transaction of $1,011,320.10. Following the completion of the acquisition, the director directly owned 37,602 shares of the company's stock, valued at $4,961,207.88. The trade was a 25.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.29% of the company's stock.

Johnson Controls International Trading Down 0.6%

JCI opened at $130.17 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.81. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $146.49. The company's 50 day moving average price is $128.43 and its two-hundred day moving average price is $118.35. The firm has a market capitalization of $79.67 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.48 and a beta of 1.38.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. Johnson Controls International had a net margin of 14.17% and a return on equity of 17.15%. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The company's revenue for the quarter was up 6.8% on a year-over-year basis. Johnson Controls International has set its FY 2026 guidance at 4.700-4.700 EPS and its Q2 2026 guidance at 1.110-1.110 EPS. As a group, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International's payout ratio is presently 30.13%.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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