Southpoint Capital Advisors Lp adds Johnson Controls Inc (JCI) to its portfolio

Johnson Controls Inc (JCI) : Southpoint Capital Advisors Lp added new position in Johnson Controls Inc during the most recent quarter end. The investment management firm now holds 4,500,000 shares of Johnson Controls Inc which is valued at $198,450,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Johnson Controls Inc makes up approximately 9.17% of Southpoint Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Westover Capital Advisors boosted its stake in JCI in the latest quarter, The investment management firm added 14,461 additional shares and now holds a total of 38,137 shares of Johnson Controls Inc which is valued at $1,681,842. Johnson Controls Inc makes up approx 1.36% of Westover Capital Advisors’s portfolio.Massachusetts Financial Services Co boosted its stake in JCI in the latest quarter, The investment management firm added 163,256 additional shares and now holds a total of 13,870,145 shares of Johnson Controls Inc which is valued at $611,673,395. Johnson Controls Inc makes up approx 0.30% of Massachusetts Financial Services Co’s portfolio.Pillar Pacific Capital Management boosted its stake in JCI in the latest quarter, The investment management firm added 8,372 additional shares and now holds a total of 46,677 shares of Johnson Controls Inc which is valued at $2,106,066. Johnson Controls Inc makes up approx 0.34% of Pillar Pacific Capital Management’s portfolio.Essex Financial Services boosted its stake in JCI in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 5,856 shares of Johnson Controls Inc which is valued at $268,908. Johnson Controls Inc makes up approx 0.06% of Essex Financial Services’s portfolio.

Johnson Controls Inc opened for trading at $43.96 and hit $45.04 on the upside on Thursday, eventually ending the session at $45.04, with a gain of 2.64% or 1.16 points. The heightened volatility saw the trading volume jump to 87,49,587 shares. Company has a market cap of $28,724 M.

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. Company shares were Resumed by RBC Capital Mkts on Sep 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .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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