Edinburgh Partners Ltd Lowers stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Edinburgh Partners Ltd reduced its stake in Johnson Controls Inc by 24.13% during the most recent quarter end. The investment management company now holds a total of 1,477,762 shares of Johnson Controls Inc which is valued at $66,676,621 after selling 470,088 shares in Johnson Controls Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Johnson Controls Inc makes up approximately 9.37% of Edinburgh Partners Ltd’s portfolio.

Other Hedge Funds, Including , Agf Investments America boosted its stake in JCI in the latest quarter, The investment management firm added 19,381 additional shares and now holds a total of 144,978 shares of Johnson Controls Inc which is valued at $6,541,407. Johnson Controls Inc makes up approx 2.84% of Agf Investments America’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in JCI by selling 6,150 shares or 28.11% in the most recent quarter. The Hedge Fund company now holds 15,725 shares of JCI which is valued at $727,439. Johnson Controls Inc makes up approx 0.39% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Louisiana State Employees Retirement System reduced its stake in JCI by selling 900 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 42,500 shares of JCI which is valued at $1,966,050. Johnson Controls Inc makes up approx 0.10% of Louisiana State Employees Retirement System’s portfolio.Summit Financial Wealth Advisors boosted its stake in JCI in the latest quarter, The investment management firm added 3,736 additional shares and now holds a total of 140,095 shares of Johnson Controls Inc which is valued at $6,141,765. Johnson Controls Inc makes up approx 2.54% of Summit Financial Wealth Advisors’s portfolio.

Johnson Controls Inc closed down -0.28 points or -0.62% at $44.84 with 34,41,405 shares getting traded on Thursday. Post opening the session at $45.04, the shares hit an intraday low of $44.605 and an intraday high of $45.31 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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