SCHEDULE 13G/A: BlackRock Discloses 6.7% Passive Stake in Johnson Controls International PLC

BlackRock, Inc. has filed an Amendment No. 10 to Schedule 13G, reporting a 6.7% beneficial ownership stake in Johnson Controls International PLC as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 44,180,369 shares of Common Stock in Johnson Controls International PLC.
• This ownership represents 6.7% of the total outstanding shares of Johnson Controls International PLC.
• BlackRock, Inc. holds sole voting power over 39,304,428 shares and sole dispositive power over 44,180,369 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Several BlackRock subsidiaries, including BlackRock Life Limited, BlackRock Advisors, LLC, and BlackRock Institutional Trust Company, National Association, are identified as entities that may beneficially own shares.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It does not contain information that would inherently convey positive or negative sentiment about the issuer's performance or prospects.

Positives

• The filing provides transparency regarding a significant institutional investor's stake in Johnson Controls International PLC.
• BlackRock's continued substantial holding (6.7%) may signal ongoing institutional confidence in Johnson Controls International PLC.

Risks

• The filing itself does not detail specific risks related to Johnson Controls International PLC's operations or financial health. It is a disclosure of beneficial ownership.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Johnson Controls International PLC's future performance or outlook.

Management Comments

• "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 and are not held 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." Spencer Fleming, Managing Director, BlackRock, Inc.

Industry Context

This filing reflects a routine disclosure by a major asset manager, BlackRock, Inc., regarding its passive investment holdings. It is common for large institutional investors to hold significant, non-controlling stakes in publicly traded companies across various industries, including industrial technology and building solutions, which is Johnson Controls' primary sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and liquidity.

Next Steps

• BlackRock, Inc. will continue to monitor its investment in Johnson Controls International PLC and file further amendments to Schedule 13G as required by SEC regulations if its beneficial ownership percentage changes significantly or if its investment intent shifts from passive to active.

Key Dates

Keywords

Johnson Controls International PLC, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment