Sippican Capital Advisors buys $1,970,861 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Sippican Capital Advisors scooped up 208 additional shares in Johnson Controls Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 42,604 shares of Johnson Controls Inc which is valued at $1,970,861.Johnson Controls Inc makes up approximately 2.25% of Sippican Capital Advisors’s portfolio.

Other Hedge Funds, Including , Palouse Capital Management reduced its stake in JCI by selling 4,543 shares or 2.64% in the most recent quarter. The Hedge Fund company now holds 167,526 shares of JCI which is valued at $7,749,753. Johnson Controls Inc makes up approx 3.01% of Palouse Capital Management’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.British Columbia Investment Management Corp boosted its stake in JCI in the latest quarter, The investment management firm added 1,108 additional shares and now holds a total of 391,187 shares of Johnson Controls Inc which is valued at $17,149,638. Johnson Controls Inc makes up approx 0.15% of British Columbia Investment Management Corp’s portfolio. Centurylink Investment Management Co sold out all of its stake in JCI during the most recent quarter. The investment firm sold 44,848 shares of JCI which is valued $1,966,136. Stock Yards Bank Trust Co added JCI to its portfolio by purchasing 4,955 company shares during the most recent quarter which is valued at $212,024. Johnson Controls Inc makes up approx 0.03% of Stock Yards Bank Trust Co’s portfolio.

Johnson Controls Inc opened for trading at $45.68 and hit $46 on the upside on Friday, eventually ending the session at $45.92, with a gain of 0.46% or 0.21 points. The heightened volatility saw the trading volume jump to 28,37,298 shares. Company has a market cap of $29,773 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.

Investors should note that on Jul 20, 2016, Johnson Controls Inc announced a cash dividend of $0.2900. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 19, 2016.

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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