Founders Capital Management buys $169,003 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Founders Capital Management scooped up 33 additional shares in Johnson Controls Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 4,384 shares of Johnson Controls Inc which is valued at $169,003.Johnson Controls Inc makes up approximately 0.10% of Founders Capital Management’s portfolio.

Other Hedge Funds, Including , West Oak Capital reduced its stake in JCI by selling 1,570 shares or 10.99% in the most recent quarter. The Hedge Fund company now holds 12,720 shares of JCI which is valued at $490,356. Johnson Controls Inc makes up approx 0.38% of West Oak Capital’s portfolio.

On the company’s financial health, Johnson Controls Inc reported $0.82 EPS for the quarter, based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus estimate of $0.82. The company had revenue of $8929.00 million for the quarter, compared to analysts expectations of $9306.76 million. The company’s revenue was down -7.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 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 opened for trading at $38.5 and hit $39.07 on the upside on Monday, eventually ending the session at $38.55, with a gain of 0.31% or 0.12 points. The heightened volatility saw the trading volume jump to 20,84,425 shares. Company has a market cap of $24,989 M.

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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