Somerville Kurt F Lowers stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Somerville Kurt F reduced its stake in Johnson Controls Inc by 31.18% during the most recent quarter end. The investment management company now holds a total of 96,831 shares of Johnson Controls Inc which is valued at $4,333,187 after selling 43,870 shares in Johnson Controls Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Johnson Controls Inc makes up approximately 0.95% of Somerville Kurt F’s portfolio.

Other Hedge Funds, Including , Schooner Investment Group. sold out all of its stake in JCI during the most recent quarter. The investment firm sold 3,000 shares of JCI which is valued $134,250.Community Bank Trust Waco Texas boosted its stake in JCI in the latest quarter, The investment management firm added 2,239 additional shares and now holds a total of 27,284 shares of Johnson Controls Inc which is valued at $1,262,158. Johnson Controls Inc makes up approx 0.68% of Community Bank Trust Waco Texas’s portfolio.Boys Arnold Co Inc boosted its stake in JCI in the latest quarter, The investment management firm added 13,840 additional shares and now holds a total of 34,590 shares of Johnson Controls Inc which is valued at $1,526,111. Johnson Controls Inc makes up approx 0.26% of Boys Arnold Co Inc’s portfolio.

Johnson Controls Inc opened for trading at $44.08 and hit $44.43 on the upside on Monday, eventually ending the session at $44.32, with a gain of 0.50% or 0.22 points. The heightened volatility saw the trading volume jump to 35,75,027 shares. Company has a market cap of $28,265 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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