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

From the Filing

0001104659-24-002855.txt : 20240110 0001104659-24-002855.hdr.sgml : 20240110 20240110101657 ACCESSION NUMBER: 0001104659-24-002855 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Johnson Controls International plc CENTRAL INDEX KEY: 0000833444 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43685 FILM NUMBER: 24525257 BUSINESS ADDRESS: STREET 1: ONE ALBERT QUAY STREET 2: ALBERT QUAY CITY: CORK STATE: L2 ZIP: 00000 BUSINESS PHONE: 414-524-1200 MAIL ADDRESS: STREET 1: 5757 N. GREEN BAY AVENUE STREET 2: P.O. BOX 591 CITY: MILWAUKEE STATE: WI ZIP: 53201 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL plc DATE OF NAME CHANGE: 20141117 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL LTD DATE OF NAME CHANGE: 20100408 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL LTD /BER/ DATE OF NAME CHANGE: 19970715 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0008-johnsoncontrolsintern.htm SCHEDULE 13G/A johnsoncontrolsinternationalplc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  Johnson Controls International plc Title of Class of Securities:  Common Stock CUSIP Number:  G51502105 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 ("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). (Continued on the following page(s))     13G CUSIP No.:  G51502105 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 854,318 7.  SOLE DISPOSITIVE POWER 68,381,957 8.  SHARED DISPOSITIVE POWER 3,004,028 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 71,385,985 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.49% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Johnson Controls International plc Item 1(b) - Address of Issuer's Princip