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Johnson Controls is rated Buy with a raised target price of $168, reflecting a 12.2% upside driven by robust backlog and production gains. JCI's $21 billion backlog and strong data center demand underpin expectations for above-market revenue and operating profit growth over the next two years. Management's operational improvements and disciplined cost control are driving operating profit faster than revenue,…

Johnson Controls is rated Buy, driven by robust demand, strong order growth, and expanding backlog, especially from data centers. JCI's margin outlook is attractive, supported by productivity gains, operating leverage, and a $500M annual cost reduction initiative targeting full implementation by FY27. Consensus expects double-digit EPS growth, with potential for upward estimate revisions as backlog conversion…

Microsoft, a holding in several ClearBridge portfolios, offers a good example of how hyperscalers are responding. A recent engagement with Equinix, another ClearBridge portfolio holding, provides the perspective of a data-center owner and operator. ClearBridge's recent engagement with Johnson Controls highlighted how equipment suppliers can help address the physical constraints on data centers.

First Citizens Bank and Trust Co. lowered its stake in Johnson Controls International plc (NYSE: JCI) by 15.7% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,884 shares of the company's stock after selling 5,736 shares during the

Johnson Controls earns a Buy rating, with operationally-driven EPS growth and effective cost discipline underpinning its investment case. JCI's margin expansion is primarily due to SG&A leverage, while services growth—key for long-term earnings quality—lags systems growth. Current valuation at 25x forward earnings is above the five-year average; optimal accumulation is in the $138-$147 range (22.6-24.1x P/E).