Kidder Stephen W Lowers stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Kidder Stephen W reduced its stake in Johnson Controls Inc by 1.76% during the most recent quarter end. The investment management company now holds a total of 79,265 shares of Johnson Controls Inc which is valued at $3.5 Million after selling 1,420 shares in Johnson Controls Inc , the firm said in a disclosure report filed with the SEC on May 27, 2016.Johnson Controls Inc makes up approximately 1.41% of Kidder Stephen W’s portfolio.

Other Hedge Funds, Including , Somerville Kurt F reduced its stake in JCI by selling 8,930 shares or 5.97% in the most recent quarter. The Hedge Fund company now holds 140,701 shares of JCI which is valued at $6.2 Million. Johnson Controls Inc makes up approx 1.41% of Somerville Kurt F’s portfolio.Legal General Group Plc boosted its stake in JCI in the latest quarter, The investment management firm added 103,352 additional shares and now holds a total of 3,001,343 shares of Johnson Controls Inc which is valued at $128.8 Million. Johnson Controls Inc makes up approx 0.14% of Legal General Group Plc’s portfolio. Highbridge Capital Management sold out all of its stake in JCI during the most recent quarter. The investment firm sold 38,749 shares of JCI which is valued $1.7 Million. Dynamic Capital Management Ltd sold out all of its stake in JCI during the most recent quarter. The investment firm sold 22,238 shares of JCI which is valued $954,677.Renaissance Technologies boosted its stake in JCI in the latest quarter, The investment management firm added 96,200 additional shares and now holds a total of 1,010,000 shares of Johnson Controls Inc which is valued at $41.2 Million. Johnson Controls Inc makes up approx 0.08% of Renaissance Technologies’s portfolio.

Johnson Controls Inc opened for trading at $44.7 and hit $45.06 on the upside on Tuesday, eventually ending the session at $44.85, with a gain of 0.47% or 0.21 points. The heightened volatility saw the trading volume jump to 44,51,131 shares. Company has a market cap of $29,079 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.

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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