Johnson Controls International NYSE: JCI
Industrials · Building Products
$145.42
-0.42%
Vol: 1.5M
Research Digest
Friday, May 1, 2026
Johnson Controls exploring $4.5B in security division divestitures; Goldman raises PT to $158, BNP initiates Underperform.
Johnson Controls weighing strategic options including potential sale of two security division businesses valued up to $4.5B. Pivoting toward higher-value data center solutions and AI infrastructure. Todd Grabowski named to lead new data center solutions division reporting to CEO George Oliver. Stock 129% over five years. Goldman Sachs raised PT to $158 from $154, Citi raised PT to $150 from $139, BNP Paribas initiated Underperform.
Previous Market Intelligence
13 daysApr 30Johnson Controls raises Q1 2026 guidance and explores up to $4.5 billion in divestitures while pivoting toward AI data center solutions.Positive▶
Johnson Controls International reported Q1 results that topped analyst expectations with raised full-year guidance for fiscal 2026 and increased dividend. The company is strategically repositioning toward AI infrastructure, announcing a 1 Gigawatt AI data center Reference Design Guide targeting zero onsite water consumption and NVIDIA DSX alignment. JCI is considering divesting two security businesses potentially worth up to $4.5 billion and sold its residential HVAC business to Bosch, reallocating capital to higher-growth data center and service segments.
Apr 16Johnson Controls weighs $4.5 billion divestiture of Access Control and Intrusion Detection unitsMixed▶
Johnson Controls International exploring sale of two security division businesses—Access Control and Intrusion Detection units—worth up to $4.5 billion combined. Company working with financial advisers to solicit buyer interest. Stock rose 1.6% in after-hours trading on the news but closed down 3.4% during day trading. Johnson Controls grew Americas orders 56% YoY driven by systems and service strength, particularly in data center, life sciences and mission-critical verticals. Unveiled next-gen access control and video solutions at ISC West 2026. Citi raised price target to $150 from $139 on April 13.
Apr 15Johnson Controls reported Q1 2026 earnings beat with adjusted EPS up 40%; raised FY2026 guidance.Positive▶
Johnson Controls International reported strong Q1 2026 results with GAAP EPS of $0.90 and sales growth of 7% to $5.8B. CEO Joakim Weidemanis highlighted 40% adjusted EPS growth and meaningful margin expansion. The company raised FY2026 EPS guidance to $4.70 and Q2 guidance to $1.11. JCI declared a quarterly dividend of $0.40 per share. Named one of the 2026 World's Most Ethical Companies for the 19th consecutive year.
Apr 14Johnson Controls reports earnings beat with Q4 EPS of $0.89, raises 2026 EPS guidance to $4.70; Evercore ISI initiates at In-Line.Positive▶
Johnson Controls surged 5.7% after Q4 EPS of $0.89 beat expectations. Full-year 2026 EPS guidance raised to $4.70. Revenues of $5.80 billion exceeded estimates by 2.8% with 6.8% YoY growth. Strategic pivot toward data center and AI infrastructure solutions. Sold residential HVAC business to Bosch. Evercore ISI initiated at In-Line with $155 target.
Apr 13Johnson Controls beats Q4 earnings with 6.8% YoY revenue growth and raises FY2026 guidance; stock up 5.7%.Positive▶
Johnson Controls reported Q4 revenues of $5.80 billion, up 6.8% year-over-year, beating analyst expectations by 2.8%. The company declared a $0.40 quarterly dividend and issued confident FY2026 guidance with EPS of $4.70 and Q2 guidance of $1.11. Goldman Sachs raised its price target from $154 to $158 with Buy rating. Data center cooling and strategic acquisitions support AI-driven growth.
Apr 10Johnson Controls beats earnings expectations with strong 39% organic orders growth and data center pivot.Positive▶
Johnson Controls reported $5.80B revenue (+6.8% YoY) with EPS of $0.89, beating expectations. Raised FY2026 EPS guidance to $4.70. Declared $0.40 dividend. Stock up 5.7% after positive guidance. Pivoting toward data center and service solutions with 11% backlog increase and NVIDIA collaboration on energy-efficient chillers.
Apr 9Johnson Controls beats Q4 earnings with raised 2026 guidance and dividend; completes HVAC sale to Bosch.Positive▶
Johnson Controls International reported Q4 earnings that topped analyst expectations with $5.80B revenue and nearly 40% adjusted EPS growth. Company raised guidance for fiscal 2026 and declared fresh quarterly dividend, driving stock up 5.7%. Completed all-cash sale of Residential and Light Commercial HVAC business to Bosch, refocusing toward data center and service solutions. Launched 1 Gigawatt AI data center Reference Design Guide Series targeting zero onsite water consumption and NVIDIA DSX alignment. Current stock price $139.00 with P/E ratio 25.05. Goldman Sachs raised price target to $158 from $154 maintaining Buy rating.
Apr 8Johnson Controls delivers strong Q4 beat with data center focus supporting fiscal 2026 guidance raisePositive▶
Johnson Controls International reported Q4 earnings beat with $5.80 billion in revenues reflecting 6.8% YoY growth and raised fiscal 2026 guidance. The company increased quarterly dividend and is focusing on higher-value data center solutions aligned with AI infrastructure trends. JCI launched 1 Gigawatt AI data center Reference Design Guide targeting zero onsite water consumption and NVIDIA DSX alignment. Stock trading at $139.24 (+0.48% in past 24h) with market cap of $80.36B. Consensus analyst rating is Buy with average price target of $139.64.
Apr 7Johnson Controls delivers strong Q1 with 39% order surge; Morgan Stanley raises PT to $140Positive▶
Johnson Controls reported strong Q1 FY2026 with GAAP EPS $0.90, Q1 sales +7% to $5.8B, organic sales +6%. Adjusted EPS up 40% YoY, adjusted EBITDA growth strong. Signed agreement to acquire Alloy Enterprises (Boston-based thermal management for data centers) expanding high-growth segment. Unveiled next-gen access control/video at ISC West 2026. Earned CDP 'A' List for sustainability. Named #82 on America's Best-Managed Companies. Morgan Stanley raised PT to $140 from $126 (Overweight). Stock -$1.75 (1.30% drop), afterhours -$0.32. Q1 revenue forecast $27B by 2028.
Apr 6Johnson Controls reports strong Q1 2026; raises guidance; acquires Alloy Enterprises for data center thermalPositive▶
Johnson Controls reported strong Q1 2026 with GAAP EPS of $0.90 and sales of $5.8B (up 7%), raising FY2026 guidance. CEO Joakim Weidemanis noted strong start with solid revenue growth, meaningful margin expansion, and adjusted EPS up nearly 40%. JCI signed agreement to acquire Alloy Enterprises (Boston-based data center thermal management specialist) strengthening leadership in high-performance cooling. JCI unveiled next-generation access control and video solutions at ISC West 2026, debuting C•CURE IQ 3.2 in mid-summer 2026. Showcased thermal innovations at AHR 2026 for data center and industrial facility efficiency. Achieved CDP 'A' score for environmental leadership and ranked #82 in America's Best-Managed Companies (up 23 from prior year). Board declared quarterly dividend (announced March 4). Q1 2026 earnings due May 1. Analyst consensus is positive with Morgan Stanley raising PT to $140 from $130. JCI is well-positioned in secular data center growth.
Apr 3Johnson Controls pivots to data centers and AI infrastructure following Bosch HVAC divestiture; Morgan Stanley raises PT to $140.Positive▶
Johnson Controls International divested residential HVAC business to Bosch and is strategically repositioning toward data center solutions with partnership focus on AI infrastructure cooling through NVIDIA collaboration. Company guidance: $4.70 FY EPS with growing backlog. Morgan Stanley raised PT to $140 from $130.
Apr 2Johnson Controls agreed to sell residential HVAC business to Bosch while pivoting toward higher-margin AI data center solutions with NVIDIA partnership.Positive▶
Johnson Controls is strategically repositioning by selling its residential HVAC business to Bosch while expanding data center and thermal management solutions for AI infrastructure. The company signed an agreement to acquire Alloy Enterprises for enhanced data center thermal management capabilities and partnered with NVIDIA to support advanced cooling needs. Morgan Stanley raised the price target to $140 from $130 on March 11, 2026, maintaining a Buy rating. The company paid a quarterly dividend of $0.40 with EPS of $0.89 and anticipates $4.70 in full-year EPS guidance. Ethisphere recognized JCI as one of the World's Most Ethical Companies for the 19th consecutive year.
Apr 1Johnson Controls raised FY2026 guidance following strong Q1 results; announced strategic shift toward AI data centers.Positive▶
Johnson Controls reported strong Q1 with organic sales growth of 6% and orders up 39% organically, with backlog reaching $18.2 billion. JCI agreed to sell its residential HVAC business to Bosch. Morgan Stanley raised price target to $140 from $130.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TTTRANE | $486.46 | -1.23% | +14.3% | 29.2x | 1.21 | $108.9B |
| JCIJOHNSON | $145.42 | -0.42% | +9.2% | 26.2x | 1.40 | $89.4B |
| CARRCARRIER | $67.76 | +0.88% | +20.8% | 21.2x | 1.32 | $56.1B |
| LIILENNOX | $528.11 | -1.27% | +17.9% | 20.1x | — | $18.6B |
| MASMASCO | $71.37 | -0.63% | +20.3% | 15.3x | 1.29 | $14.5B |
| ALLEALLEGION | $135.89 | -1.16% | -1.9% | 14.4x | 1.03 | $11.8B |
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Price above both MAs — bullish structure.