Oarsman Capital buys $5.2 Million stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Oarsman Capital scooped up 25,870 additional shares in Johnson Controls Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 126,594 shares of Johnson Controls Inc which is valued at $5.2 Million.Johnson Controls Inc makes up approximately 2.79% of Oarsman Capital’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management added JCI to its portfolio by purchasing 245,955 company shares during the most recent quarter which is valued at $10 Million. Johnson Controls Inc makes up approx 0.02% of Lazard Asset Management’s portfolio.Cibc World Markets reduced its stake in JCI by selling 23,016 shares or 42.71% in the most recent quarter. The Hedge Fund company now holds 30,878 shares of JCI which is valued at $1.3 Million. Johnson Controls Inc makes up approx 0.01% of Cibc World Markets’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in JCI in the latest quarter, The investment management firm added 400,000 additional shares and now holds a total of 700,000 shares of Johnson Controls Inc which is valued at $29 Million. Johnson Controls Inc makes up approx 0.13% of State Of New Jersey Common Pension Fund D’s portfolio.

Johnson Controls Inc opened for trading at $42.47 and hit $42.95 on the upside on Friday, eventually ending the session at $42.93, with a gain of 1.42% or 0.6 points. The heightened volatility saw the trading volume jump to 52,09,718 shares. Company has a market cap of $27,835 M.

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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