Two Sigma Investments Lp buys $143,852,436 stake in Johnson Controls Inc (JCI)

Johnson Controls Inc (JCI) : Two Sigma Investments Lp scooped up 585,961 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 3,261,960 shares of Johnson Controls Inc which is valued at $143,852,436.Johnson Controls Inc makes up approximately 0.66% of Two Sigma Investments Lp’s portfolio.

Other Hedge Funds, Including , Kidder Stephen W reduced its stake in JCI by selling 53,150 shares or 67.05% in the most recent quarter. The Hedge Fund company now holds 26,115 shares of JCI which is valued at $1,168,646. Johnson Controls Inc makes up approx 0.45% of Kidder Stephen W’s portfolio.Utah Retirement Systems boosted its stake in JCI in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 118,688 shares of Johnson Controls Inc which is valued at $5,355,203. Johnson Controls Inc makes up approx 0.14% of Utah Retirement Systems’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in JCI in the latest quarter, The investment management firm added 623 additional shares and now holds a total of 52,893 shares of Johnson Controls Inc which is valued at $2,428,847. Johnson Controls Inc makes up approx 0.07% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in JCI in the latest quarter, The investment management firm added 1,174 additional shares and now holds a total of 19,529 shares of Johnson Controls Inc which is valued at $903,412. Johnson Controls Inc makes up approx 0.09% of Tokio Marine Asset Management Co Ltd’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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