Gca Investment Management buys $19,715,522 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Gca Investment Management scooped up 85,964 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 15, 2016. The investment management firm now holds a total of 447,064 shares of Johnson Controls Inc which is valued at $19,715,522.Johnson Controls Inc makes up approximately 5.95% of Gca Investment Management’s portfolio.

Other Hedge Funds, Including , Gotham Asset Management sold out all of its stake in JCI during the most recent quarter. The investment firm sold 434,555 shares of JCI which is valued $19,163,876.Lba Wealth Management reduced its stake in JCI by selling 1,275 shares or 14.24% in the most recent quarter. The Hedge Fund company now holds 7,681 shares of JCI which is valued at $338,732. Johnson Controls Inc makes up approx 0.18% of Lba Wealth Management’s portfolio.Commerce Bank boosted its stake in JCI in the latest quarter, The investment management firm added 9,163 additional shares and now holds a total of 74,127 shares of Johnson Controls Inc which is valued at $3,317,183. Johnson Controls Inc makes up approx 0.05% of Commerce Bank’s portfolio.Somerville Kurt F reduced its stake in JCI by selling 43,870 shares or 31.18% in the most recent quarter. The Hedge Fund company now holds 96,831 shares of JCI which is valued at $4,333,187. Johnson Controls Inc makes up approx 0.95% of Somerville Kurt F’s portfolio.

Johnson Controls Inc opened for trading at $43.96 and hit $45.04 on the upside on Thursday, eventually ending the session at $45.04, with a gain of 2.64% or 1.16 points. The heightened volatility saw the trading volume jump to 87,49,587 shares. Company has a market cap of $28,724 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. Company shares were Resumed by RBC Capital Mkts on Sep 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .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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