Wellesley Investment Partners buys $689,989 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Wellesley Investment Partners scooped up 1,020 additional shares in Johnson Controls Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 15,646 shares of Johnson Controls Inc which is valued at $689,989.Johnson Controls Inc makes up approximately 0.36% of Wellesley Investment Partners’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in JCI in the latest quarter, The investment management firm added 595 additional shares and now holds a total of 63,029 shares of Johnson Controls Inc which is valued at $2,779,579. Johnson Controls Inc makes up approx 0.08% of Advantus Capital Management Inc’s portfolio. Calamos Advisors added JCI to its portfolio by purchasing 898,698 company shares during the most recent quarter which is valued at $41,573,769. Johnson Controls Inc makes up approx 0.38% of Calamos Advisors’s portfolio.Wagner Bowman Management Corp reduced its stake in JCI by selling 474 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 21,135 shares of JCI which is valued at $977,705. Johnson Controls Inc makes up approx 0.38% of Wagner Bowman Management Corp’s portfolio.New York State Teachers Retirement System reduced its stake in JCI by selling 12,787 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 1,173,659 shares of JCI which is valued at $54,152,626. Johnson Controls Inc makes up approx 0.14% of New York State Teachers Retirement System’s portfolio.Atria Investments reduced its stake in JCI by selling 300 shares or 5.48% in the most recent quarter. The Hedge Fund company now holds 5,173 shares of JCI which is valued at $228,647. Johnson Controls Inc makes up approx 0.02% of Atria Investments’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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