BlackRock Cuts Johnson Controls Stake to 7.9%
Ticker: JCI · Form: SC 13G/A · Filed: 2024-02-06T00:00:00.000Z
Sentiment: mixed
Topics: institutional-ownership, stake-change, amendment, blackrock
TL;DR
**BlackRock trimmed its JCI stake to 7.9%, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, disclosing its ownership in Johnson Controls International plc as of December 31, 2023. BlackRock now beneficially owns 57,092,230 shares of Common Stock, representing 7.9% of the company, a decrease from its previous reported stake. This matters to investors because BlackRock is a major institutional investor, and a reduction in their stake could signal a shift in their investment strategy or outlook on Johnson Controls, potentially influencing other investors.
Why It Matters
A decrease in a significant institutional investor's stake, like BlackRock's, can be interpreted as a lack of conviction or a reallocation of capital, potentially impacting investor sentiment and the stock price.
Risk Assessment
Risk Level: medium — While not a massive sell-off, a reduction by a major holder like BlackRock introduces some uncertainty and could signal potential headwinds for Johnson Controls.
Analyst Insight
Investors should monitor Johnson Controls' upcoming earnings reports and news for any specific reasons behind BlackRock's reduced stake, and consider if this aligns with their own investment thesis for the company.
Key Numbers
- 57,092,230 — Shares Beneficially Owned (This is the total number of Johnson Controls shares BlackRock Inc. reported owning as of December 31, 2023.)
- 7.9% — Percentage of Class (This represents BlackRock Inc.'s ownership percentage of Johnson Controls International plc's Common Stock, indicating a reduction from previous filings.)
Key Players & Entities
- BlackRock Inc. (company) — filer and institutional investor
- Johnson Controls International plc (company) — subject company whose shares are being reported
- 57,092,230 (dollar_amount) — number of shares beneficially owned by BlackRock
- 7.9% (dollar_amount) — percentage of Johnson Controls' common stock owned by BlackRock
- December 31, 2023 (date) — date of the event requiring the filing
- February 6, 2024 (date) — filing date of the SC 13G/A
Forward-Looking Statements
- Other institutional investors may re-evaluate their positions in Johnson Controls International plc following BlackRock's reduced stake. (Johnson Controls International plc) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 9) by BlackRock Inc. to report its beneficial ownership of Johnson Controls International plc's Common Stock as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a major institutional investment manager with a Central Index Key (CIK) of 0001364742.
What is the subject company of this filing?
The subject company is Johnson Controls International plc, identified by CIK 0000833444, which operates in the Air Conditioning & Warm Air Heating Equipment & Commercial & Industrial Refrigeration Equipment industry.
How many shares of Johnson Controls International plc does BlackRock Inc. beneficially own according to this filing?
As of December 31, 2023, BlackRock Inc. beneficially owns 57,092,230 shares of Johnson Controls International plc's Common Stock, representing 7.9% of the class.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, which is the reporting date for the ownership stake.
From the Filing
0001086364-24-006701.txt : 20240206 0001086364-24-006701.hdr.sgml : 20240206 20240206093639 ACCESSION NUMBER: 0001086364-24-006701 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 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: 24598461 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: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 ie00by7ql619_020524.txt ie00by7ql619_020524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9) JOHNSON CONTROLS INTERNATIONAL PLC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) BY7QL61 -------------------------------------------------------- (SEDOL Number) December 31, 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 ("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). SEDOL No. BY7QL61 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (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 46613949 (6) Shared voting power 0 (7) Sole dispositive power 52596749 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 52596749 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.7% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- JOHNSON CONTROLS INTERNATIONAL PLC Item