Becker Capital Management Inc buys $43,680,401 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Becker Capital Management Inc scooped up 1,603 additional shares in Johnson Controls Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 968,094 shares of Johnson Controls Inc which is valued at $43,680,401.Johnson Controls Inc makes up approximately 1.72% of Becker Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Hanlon Investment Management added JCI to its portfolio by purchasing 110,573 company shares during the most recent quarter which is valued at $4,989,054. Johnson Controls Inc makes up approx 0.42% of Hanlon Investment Management’s portfolio.Oakbrook Investments boosted its stake in JCI in the latest quarter, The investment management firm added 95,589 additional shares and now holds a total of 578,824 shares of Johnson Controls Inc which is valued at $26,706,939. Johnson Controls Inc makes up approx 1.43% of Oakbrook Investments’s portfolio.Strategic Advisors boosted its stake in JCI in the latest quarter, The investment management firm added 6,790 additional shares and now holds a total of 22,854 shares of Johnson Controls Inc which is valued at $1,012,889. Johnson Controls Inc makes up approx 0.57% of Strategic Advisors’s portfolio.Banced Corp reduced its stake in JCI by selling 5,351 shares or 32.99% in the most recent quarter. The Hedge Fund company now holds 10,869 shares of JCI which is valued at $480,410. Johnson Controls Inc makes up approx 0.84% of Banced Corp’s portfolio.

Johnson Controls Inc closed down -0.19 points or -0.42% at $45.33 with 35,21,431 shares getting traded on Monday. Post opening the session at $45.52, the shares hit an intraday low of $45.22 and an intraday high of $45.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Johnson Controls Inc reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.03. The company had revenue of $9516.00 million for the quarter, compared to analysts expectations of $9633.18 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Johnson Controls Inc. Johnson Controls Inc was Upgraded by Credit Suisse to ” Outperform” on May 24, 2016.

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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