State of Michigan Retirement System Decreases Stock Holdings in Johnson Controls International plc $JCI

Key Points

• State of Michigan Retirement System cut its Johnson Controls stake by 9.6%, selling 17,000 shares to hold 159,956 shares worth about $19.16 million, while institutional investors now own 90.05% of the company and several large funds increased positions (notably Viking Global's sizable buy).
• Johnson Controls beat the latest quarter expectations with $0.89 EPS vs. $0.84 expected and revenue of $5.80 billion (+6.8% y/y), and set FY2026 EPS guidance at 4.70; the stock trades near its one‑year high with a market cap around $87.8 billion.
• The company pays a quarterly dividend of $0.40 (1.1% yield), and analyst coverage is mixed with a consensus rating of "Hold" and an average price target of about $137.81.

State of Michigan Retirement System decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,956 shares of the company's stock after selling 17,000 shares during the period. State of Michigan Retirement System's holdings in Johnson Controls International were worth $19,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp lifted its position in shares of Johnson Controls International by 0.6% during the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company's stock valued at $3,165,286,000 after buying an additional 163,167 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Johnson Controls International by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 16,959,249 shares of the company's stock valued at $1,864,670,000 after buying an additional 354,266 shares in the last quarter. Capital World Investors increased its stake in Johnson Controls International by 0.3% during the 3rd quarter. Capital World Investors now owns 7,535,476 shares of the company's stock worth $828,526,000 after buying an additional 19,550 shares in the last quarter. Northern Trust Corp increased its stake in Johnson Controls International by 1.1% during the 3rd quarter. Northern Trust Corp now owns 6,907,287 shares of the company's stock worth $759,456,000 after buying an additional 72,917 shares in the last quarter. Finally, Viking Global Investors LP increased its stake in Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company's stock worth $747,324,000 after buying an additional 5,346,130 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Up 1.1%

Shares of JCI opened at $143.50 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.81 and a current ratio of 0.99. Johnson Controls International plc has a one year low of $80.19 and a one year high of $146.49. The stock has a market capitalization of $87.83 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.60 and a beta of 1.39. The stock has a 50 day moving average price of $137.45 and a 200 day moving average price of $124.75.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. Johnson Controls International had a return on equity of 17.15% and a net margin of 14.17%.The firm had revenue of $5.80 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The firm'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. Equities research analysts forecast that Johnson Controls International plc will post 4.74 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, March 16th. Johnson Controls International's dividend payout ratio is presently 30.13%.

Analyst Upgrades and Downgrades

JCI has been the subject of several research reports. Jefferies Financial Group boosted their price objective on Johnson Controls International from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday, April 15th. Wall Street Zen cut Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group boosted their price target on Johnson Controls International from $154.00 to $158.00 and gave the stock a "buy" rating in a research report on Tuesday, April 7th. Morgan Stanley boosted their price target on Johnson Controls International from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 11th. Finally, Wolfe Research dropped their price target on Johnson Controls International from $161.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $137.81.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 6,050 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $134.90, for a total value of $816,145.00. Following the completion of the sale, the vice president directly owned 34,836 shares in the company, valued at $4,699,376.40. This represents a 14.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Vergnano bought 7,665 shares of the company's stock in a transaction on Thursday, February 5th. The stock was bought at an average price of $131.94 per share, with a total value of $1,011,320.10. Following the completion of the acquisition, the director owned 37,602 shares in the company, valued at $4,961,207.88. This represents a 25.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.29% of the stock is owned by company insiders.

Johnson Controls International Company 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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