Palouse Capital Management buys $7,022,136 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Palouse Capital Management scooped up 83,931 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 9, 2016. The investment management firm now holds a total of 172,069 shares of Johnson Controls Inc which is valued at $7,022,136.Johnson Controls Inc makes up approximately 2.91% of Palouse Capital Management’s portfolio.

Other Hedge Funds, Including , Essex Investment Management Co reduced its stake in JCI by selling 560 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 29,596 shares of JCI which is valued at $1,207,813. Johnson Controls Inc makes up approx 0.21% of Essex Investment Management Co’s portfolio.Calvert Investment Management boosted its stake in JCI in the latest quarter, The investment management firm added 4,932 additional shares and now holds a total of 39,742 shares of Johnson Controls Inc which is valued at $1,621,076. Johnson Controls Inc makes up approx 0.07% of Calvert Investment Management’s portfolio.Tiemann Investment Advisors reduced its stake in JCI by selling 248 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 6,972 shares of JCI which is valued at $284,388. Johnson Controls Inc makes up approx 0.28% of Tiemann Investment Advisors’s portfolio.

Johnson Controls Inc closed down -0.51 points or -1.23% at $40.81 with 39,34,841 shares getting traded on Friday. Post opening the session at $41.15, the shares hit an intraday low of $40.635 and an intraday high of $41.53 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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