Vanguard Trims Johnson Controls Stake to 8.3%

TL;DR

**Vanguard cut its Johnson Controls stake to 8.3% as of Dec 29, 2023.**

AI Summary

The Vanguard Group, Inc. filed an amended Schedule 13G/A on January 10, 2024, updating its ownership in Johnson Controls International plc. As of December 29, 2023, Vanguard reported beneficial ownership of 60,375,699 shares of Common Stock, representing 8.3% of the company's outstanding shares. This is a decrease from their previous filing, indicating Vanguard has slightly reduced its stake. For investors, this matters because Vanguard is a major institutional investor, and a reduction in their holdings, even minor, could signal a shift in their outlook on Johnson Controls' future performance or valuation.

Why It Matters

This filing shows a slight reduction in Vanguard's ownership of Johnson Controls, which could be interpreted by the market as a minor decrease in institutional confidence or a portfolio rebalancing.

Risk Assessment

Risk Level: low — The change in ownership is a minor adjustment by a large institutional investor and does not indicate a significant shift in the company's fundamentals.

Analyst Insight

Investors should note Vanguard's minor reduction in holdings but recognize it's a common portfolio adjustment for large funds and not necessarily a bearish signal for Johnson Controls. Monitor future institutional filings for broader trends.

Key Numbers

• 60,375,699 — Shares Beneficially Owned (Represents Vanguard's total holding in Johnson Controls International plc.)
• 8.3% — Percentage of Class (Indicates Vanguard's significant, but slightly reduced, stake in the company.)
• December 29, 2023 — Reporting Date (The effective date of the ownership data reported in the filing.)

Key Players & Entities

• Vanguard Group Inc (company) — the reporting person, an investment management company
• Johnson Controls International plc (company) — the subject company whose securities are being reported
• 60,375,699 (dollar_amount) — number of shares beneficially owned by Vanguard
• 8.3% (dollar_amount) — percentage of Johnson Controls' class of securities beneficially owned by Vanguard
• December 29, 2023 (date) — the date of the event which requires the filing of this statement

Forward-Looking Statements

• Vanguard's slight reduction in stake will likely not trigger a significant market reaction for Johnson Controls. (Johnson Controls International plc) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tv0008-johnsoncontrolsintern.htm (SC 13G/A) — 11KB
• 0001104659-24-002855.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Johnson Controls International plc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1 Albert Quay Cork T12 X8N6

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number G51502105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR