MFS Trims Johnson Controls Stake to 4.8% as of Dec 29, 2023
Ticker: JCI · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investor
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
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own more than 5% but less than 20% of a company's stock. This specific filing (Amendment No. 2) indicates a change in the information previously reported by Massachusetts Financial Services Co. /MA/ regarding its ownership in Johnson Controls International plc.
Who is the reporting person in this filing and what is their role?
The reporting person is Massachusetts Financial Services Co. /MA/, an institutional investment manager based in Boston, MA. They are reporting their beneficial ownership of common stock in Johnson Controls International plc.
What is the exact number of shares beneficially owned by Massachusetts Financial Services Co. /MA/ as of the event date?
As of December 29, 2023, Massachusetts Financial Services Co. /MA/ beneficially owned 34,756,664 shares of Johnson Controls International plc common stock.
What percentage of Johnson Controls International plc's common stock does Massachusetts Financial Services Co. /MA/ now own?
Massachusetts Financial Services Co. /MA/ now beneficially owns 4.8% of the common stock of Johnson Controls International plc, as reported in this Amendment No. 2 filing.
When was the event date that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
From the Filing
0000912938-24-000224.txt : 20240209 0000912938-24-000224.hdr.sgml : 20240209 20240209114903 ACCESSION NUMBER: 0000912938-24-000224 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24613258 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: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ CENTRAL INDEX KEY: 0000912938 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 18006372929 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 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)