Bluemountain Capital Management buys $133,455,685 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Bluemountain Capital Management scooped up 2,398,648 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 11, 2016. The investment management firm now holds a total of 3,026,206 shares of Johnson Controls Inc which is valued at $133,455,685.Johnson Controls Inc makes up approximately 3.97% of Bluemountain Capital Management’s portfolio.

Other Hedge Funds, Including , Snow Capital Management Lp reduced its stake in JCI by selling 82,189 shares or 7.44% in the most recent quarter. The Hedge Fund company now holds 1,022,101 shares of JCI which is valued at $45,074,654. Johnson Controls Inc makes up approx 1.99% of Snow Capital Management Lp’s portfolio.Thompson Davis boosted its stake in JCI in the latest quarter, The investment management firm added 277 additional shares and now holds a total of 317 shares of Johnson Controls Inc which is valued at $14,370. Johnson Controls Inc makes up approx 0.02% of Thompson Davis’s portfolio.Commonwealth Equity Services Inc reduced its stake in JCI by selling 3,879 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 145,061 shares of JCI which is valued at $6,603,177. Johnson Controls Inc makes up approx 0.05% of Commonwealth Equity Services Inc’s portfolio.New Mexico Educational Retirement Board boosted its stake in JCI in the latest quarter, The investment management firm added 3,900 additional shares and now holds a total of 75,559 shares of Johnson Controls Inc which is valued at $3,409,222. Johnson Controls Inc makes up approx 0.15% of New Mexico Educational Retirement Board’s portfolio.Carroll Financial Associates boosted its stake in JCI in the latest quarter, The investment management firm added 1,333 additional shares and now holds a total of 7,106 shares of Johnson Controls Inc which is valued at $314,938. Johnson Controls Inc makes up approx 0.05% of Carroll Financial Associates’s portfolio.

Johnson Controls Inc opened for trading at $44.59 and hit $45.42 on the upside on Tuesday, eventually ending the session at $45.06, with a gain of 1.40% or 0.62 points. The heightened volatility saw the trading volume jump to 1,61,69,740 shares. Company has a market cap of $28,737 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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