Baker Chad R Lowers stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Baker Chad R reduced its stake in Johnson Controls Inc by 0.86% during the most recent quarter end. The investment management company now holds a total of 137,725 shares of Johnson Controls Inc which is valued at $5,774,809 after selling 1,200 shares in Johnson Controls Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Johnson Controls Inc makes up approximately 2.59% of Baker Chad R’s portfolio.

Johnson Controls Inc opened for trading at $41.62 and hit $42.21 on the upside on Friday, eventually ending the session at $41.93, with a gain of 0.84% or 0.35 points. The heightened volatility saw the trading volume jump to 61,23,985 shares. Company has a market cap of $27,181 M.

Other Hedge Funds, Including , Dearborn Partners reduced its stake in JCI by selling 17,682 shares or 67.59% in the most recent quarter. The Hedge Fund company now holds 8,479 shares of JCI which is valued at $355,524. Johnson Controls Inc makes up approx 0.03% of Dearborn Partners’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in JCI in the latest quarter, The investment management firm added 3,949 additional shares and now holds a total of 133,292 shares of Johnson Controls Inc which is valued at $5,221,048. Johnson Controls Inc makes up approx 0.12% of Oregon Public Employees Retirement Fund’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in JCI by selling 25 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 21,875 shares of JCI which is valued at $843,281. Johnson Controls Inc makes up approx 0.55% of Livingston Group Asset Management Co (operating As Southp…’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.Shares were Reiterated by RBC Capital Mkts on Jan 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $42 .Shares were Reiterated by Barclays on Jan 25, 2016 to “Overweight” and Lowered the Price Target to $ 47 from a previous price target of $52 .

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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