Clifford Swan Investment Counsel Lowers stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Clifford Swan Investment Counsel reduced its stake in Johnson Controls Inc by 17.7% during the most recent quarter end. The investment management company now holds a total of 343,880 shares of Johnson Controls Inc which is valued at $15,165,108 after selling 73,939 shares in Johnson Controls Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Johnson Controls Inc makes up approximately 1.02% of Clifford Swan Investment Counsel’s portfolio.

Other Hedge Funds, Including , P Schoenfeld Asset Management Lp reduced its stake in JCI by selling 211,937 shares or 41.17% in the most recent quarter. The Hedge Fund company now holds 302,788 shares of JCI which is valued at $13,352,951. Johnson Controls Inc makes up approx 1.85% of P Schoenfeld Asset Management Lp’s portfolio.Broderick Brian C reduced its stake in JCI by selling 8,605 shares or 35.14% in the most recent quarter. The Hedge Fund company now holds 15,886 shares of JCI which is valued at $710,899. Johnson Controls Inc makes up approx 0.29% of Broderick Brian C’s portfolio.Kidder Stephen W reduced its stake in JCI by selling 53,150 shares or 67.05% in the most recent quarter. The Hedge Fund company now holds 26,115 shares of JCI which is valued at $1,168,646. Johnson Controls Inc makes up approx 0.45% of Kidder Stephen W’s portfolio. Gwm Advisors added JCI to its portfolio by purchasing 7,923 company shares during the most recent quarter which is valued at $349,563. Johnson Controls Inc makes up approx 0.14% of Gwm Advisors’s portfolio.Gateway Investment Advisers reduced its stake in JCI by selling 486 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 52,343 shares of JCI which is valued at $2,313,561. Johnson Controls Inc makes up approx 0.02% of Gateway Investment Advisers’s portfolio.

Johnson Controls Inc opened for trading at $44.73 and hit $45.24 on the upside on Friday, eventually ending the session at $45.03, with a gain of 0.09% or 0.04 points. The heightened volatility saw the trading volume jump to 60,37,936 shares. Company has a market cap of $28,718 M.

On the company’s financial health, Johnson Controls Inc reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.03. The company had revenue of $9516.00 million for the quarter, compared to analysts expectations of $9633.18 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 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.

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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