Foyston Gordon Payne Inc buys $17.5 Million stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Foyston Gordon Payne Inc scooped up 50,675 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 13, 2016. The investment management firm now holds a total of 429,945 shares of Johnson Controls Inc which is valued at $17.5 Million.Johnson Controls Inc makes up approximately 3.27% of Foyston Gordon Payne Inc’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in JCI by selling 16,577 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 1,160,539 shares of JCI which is valued at $47.4 Million. Johnson Controls Inc makes up approx 0.04% of Alliancebernstein’s portfolio.Teachers Advisors Inc reduced its stake in JCI by selling 64,722 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 1,002,421 shares of JCI which is valued at $40.9 Million. Johnson Controls Inc makes up approx 0.07% of Teachers Advisors Inc’s portfolio.Ingalls Snyder boosted its stake in JCI in the latest quarter, The investment management firm added 1,368 additional shares and now holds a total of 93,188 shares of Johnson Controls Inc which is valued at $3.9 Million. Johnson Controls Inc makes up approx 0.24% of Ingalls Snyder’s portfolio.Hall Laurie J Trustee boosted its stake in JCI in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 14,440 shares of Johnson Controls Inc which is valued at $597,816. Johnson Controls Inc makes up approx 0.36% of Hall Laurie J Trustee’s portfolio.

Johnson Controls Inc opened for trading at $44 and hit $44.47 on the upside on Wednesday, eventually ending the session at $44.21, with a gain of 0.75% or 0.33 points. The heightened volatility saw the trading volume jump to 40,46,807 shares. Company has a market cap of $28,664 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.

Investors should note that on May 17, 2016, Johnson Controls Inc announced a cash dividend of $0.2900. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 5, 2016.

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