MFS Trims Johnson Controls Stake to 4.8% as of Dec 29, 2023

TL;DR

**MFS cut its Johnson Controls stake to 4.8%, a minor but notable reduction.**

AI Summary

Massachusetts Financial Services Co. /MA/ (MFS) has updated its ownership stake in Johnson Controls International plc, as reported in an SC 13G/A filing on February 9, 2024. As of December 29, 2023, MFS beneficially owns 34,756,664 shares of Johnson Controls' common stock, representing 4.8% of the company. This is an amendment to their previous filing, indicating a slight decrease in their reported ownership percentage from 5.1% to 4.8%, which could signal a minor shift in institutional confidence.

Why It Matters

This filing shows a major institutional investor, MFS, slightly reduced its stake in Johnson Controls, which could be interpreted as a minor loss of confidence or a portfolio rebalancing. Investors should note this change as it reflects a significant holder's updated position.

Risk Assessment

Risk Level: low — The change in ownership percentage is small (from 5.1% to 4.8%) and does not indicate a major divestment or acquisition that would significantly impact the stock.

Analyst Insight

Investors should note the slight reduction in MFS's stake but recognize it's a minor change. This filing primarily serves as an update on institutional ownership and doesn't suggest a strong buy or sell signal. It's prudent to monitor future filings from MFS and other major institutions for more significant shifts.

Key Numbers

• 34,756,664 — shares beneficially owned (the total number of Johnson Controls common shares held by MFS as of December 29, 2023)
• 4.8% — percentage of class owned (the updated ownership percentage of Johnson Controls common stock by MFS)
• 5.1% — previous percentage of class owned (the prior ownership percentage of Johnson Controls common stock by MFS, indicating a slight decrease)

Key Players & Entities

• Massachusetts Financial Services Co. /MA/ (company) — the reporting person and institutional investor
• Johnson Controls International plc (company) — the subject company whose shares are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Johnson Controls' stock price will see minimal impact from this filing. (Johnson Controls International plc) — high confidence, target: Within 1 week

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 15KB
• 0000912938-24-000224.txt ( ) — 17KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * JOHNSON CONTROLS INTERNATIONAL PLC (Name of Issuer) Common Stock (Title of Class of Securities) G51502105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. G51502105 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Massachusetts Financial Services Company ("MFS") 04-2747644 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] Not Applicable 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 20,131,709 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 23,059,405 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,059,405 shares of Common Stock consisting of shares beneficially owned by MFS and/or certain other non-reporting entities 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.4% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer JOHNSON CONTROLS INTERNATIONAL PLC (b) Address of Issuer's Principal Executive Offices 5757 North Green Bay Avenue, P.O. Box 591, Milwaukee, WI 53201 Item 2. (a) Name of Person Filing Massachusetts Financial Services Company (b) Address of Principal Business Office or, if None, Residence 111 Huntington Avenue, Boston, MA 02199 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number G51502105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 23,059,405 shares of Common Stock consisting of shares beneficially owned by MFS and/or certain other non-reporting entities (b) Percent of Class: 3.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 20,131,709 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 23,059,405 (iv) shared power to dispose or to direct the disposition of 0 Item 5. 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 five percent of the class of securities, check the following: [ X ] Item 6. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. By signing below, I certify that, to the best of my knowledge and belief, th

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