Annex Advisory Services Lowers stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Annex Advisory Services reduced its stake in Johnson Controls Inc by 3.01% during the most recent quarter end. The investment management company now holds a total of 22,047 shares of Johnson Controls Inc which is valued at $899,297 after selling 685 shares in Johnson Controls Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Johnson Controls Inc makes up approximately 0.26% of Annex Advisory Services’s portfolio.

Johnson Controls Inc opened for trading at $40.28 and hit $40.8336 on the upside on Friday, eventually ending the session at $40.79, with a gain of 0.72% or 0.29 points. The heightened volatility saw the trading volume jump to 29,55,329 shares. Company has a market cap of $26,447 M.

Other Hedge Funds, Including , Bartlett boosted its stake in JCI in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 9,821 shares of Johnson Controls Inc which is valued at $400,599. Johnson Controls Inc makes up approx 0.02% of Bartlett’s portfolio. New Jersey Better Educational Savings Trust added JCI to its portfolio by purchasing 12,000 company shares during the most recent quarter which is valued at $496,800. Johnson Controls Inc makes up approx 0.34% of New Jersey Better Educational Savings Trust’s portfolio. Asset Dedication sold out all of its stake in JCI during the most recent quarter. The investment firm sold 600 shares of JCI which is valued $24,840.Huntington National Bank boosted its stake in JCI in the latest quarter, The investment management firm added 15,586 additional shares and now holds a total of 89,669 shares of Johnson Controls Inc which is valued at $3,712,297. Johnson Controls Inc makes up approx 0.09% of Huntington National Bank’s portfolio.Washington Trust Bank reduced its stake in JCI by selling 241 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 5,216 shares of JCI which is valued at $215,942. Johnson Controls Inc makes up approx 0.05% of Washington Trust Bank’s portfolio.

On the company’s financial health, Johnson Controls Inc reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.82. The company had revenue of $9031.00 million for the quarter, compared to analysts expectations of $9003.92 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Johnson Controls Inc. Morgan Stanley Resumed Johnson Controls Inc on Apr 13, 2016 to “Overweight”, Price Target of the shares are set at $47.

Johnson Controls Inc. is a technology company. The Company provides products services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions. The Building Efficiency segment offers designing producing marketing and installing integrated heating ventilating and air conditioning (HVAC) systems building management systems controls security and mechanical equipment. The Power Solutions segment offers lead-acid automotive batteries for passenger cars light trucks and utility vehicles. The Company serves both automotive original equipment manufacturers (OEMs) and the general vehicle battery aftermarket. The Company also supplies advanced battery technologies to power start-stop hybrid and electric vehicles.

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