13GD Coverage: Why Price T Rowe Associates Inc Reported Big Johnson Controls International Plc Position?

13GD Coverage: Why Price T Rowe Associates Inc  Reported Big Johnson Controls International Plc Position?

The New Price T Rowe Associates Inc Holding in Johnson Controls International Plc

Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Johnson Controls International Plc. The form can be accessed here: 000008025516001332. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 5.6% or 52,809,907 shares of the Industrials–company.

Johnson Controls International Plc stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Johnson Controls International Plc Institutional Sentiment

Latest Security and Exchange filings show 457 investors own Johnson Controls International Plc. The institutional ownership in Q3 2015 is very high, at 112.52% of the outstanding shares. This is decreased by 16169942 the total institutional shares. 351001890 were the shares owned by these institutional investors. In total 49 funds opened new Johnson Controls International Plc stakes, 153 increased stakes. There were 42 that closed positions and 166 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Cramer Rosenthal Mcglynn Llc, Davide Leone & Partners Investment Co Llp, Westchester Capital Management Llc, Yakira Capital Management Inc., Alpine Partners Vi Llc, Manikay Partners Llc, Ota Financial Group L.P., Havens Advisors Llc..

Catawba Capital Management is an institutional investor bullish on Johnson Controls International Plc, owning 33209 shares as of Q3 2015 for 0.30% of its portfolio. Calvert Investment Management Inc owns 88048 shares or 0.14% of its portfolio. CT Armstrong Shaw Associates Inc have 1.99% of their stock portfolio for 245605 shares. Further, Bollard Group Llc reported stake worth 0.17% of its US stock portfolio. The PA Aris Wealth Services Inc owns 267 shares. Johnson Controls International Plc is 0.02% of the manager’s US portfolio.

Business Profile

T.Y.C BROTHER IND. CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and distribution of automobile parts. The Company offers automobile lamps, motorcycle lamps, automobile mirrors, air conditioning blowers, cooling fan assemblies, condensers, radars, starters, alternators, cabin air filters, and window regulators, among others. In addition, it provides energy saving lighting products. The Company mainly distributes its products to overseas markets, including the Americas, Europe, other Asian markets and others, as well as in the domestic market.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Price T Rowe Associates Inc website.

Analysts await Johnson Controls International plc Ordinary Share (NYSE:JCI) to report earnings on November, 11. They expect $0.66 earnings per share, up 8.20% or $0.05 from last year’s $0.61 per share. TYC’s profit will be $624.08M for 16.77 P/E if the $0.66 EPS becomes a reality. After $0.54 actual earnings per share reported by Johnson Controls International plc Ordinary Share for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

The stock decreased 5.28% or $1.9 on October 11, hitting $34.1. TYC Brother Industrial Co Ltd (TPE:1522) has risen 6.00% since September 11, 2016 and is uptrending. It has underperformed by 3.32% the S&P500.

T.Y.C BROTHER IND. CO., LTD. is a Taiwan firm principally engaged in the manufacture, processing and distribution of automobile parts. The company has a market cap of $10.67 billion. The Firm offers automobile lamps, motorcycle lamps, automobile mirrors, air conditioning blowers, cooling fan assemblies, condensers, radars, starters, alternators, cabin air filters, and window regulators, among others. It has a 10.46 P/E ratio. In addition, it provides energy saving lighting products.

More notable recent TYC Brother Industrial Co Ltd (TPE:1522) news were published by: Law360.com which released: “Taiwan Auto Light Co.’s $25M Deal Could End Antitrust MDL” on December 17, 2013, also Plasticsnews.com with their article: “Varroc setting up third plant in China, planning expansion in Russia or Brazil” published on March 25, 2013, Law360.com published: “Hitachi-LG’s $26M Price-Fixing Deal Gets Judge’s OK” on September 20, 2013. More interesting news about TYC Brother Industrial Co Ltd (TPE:1522) were released by: Prnewswire.com and their article: “World Lighting Fixtures Market, Freedonia” published on October 11, 2012 as well as Law360.com‘s news article titled: “DOJ Stays Are Often Unfair To Private Antitrust Plaintiffs” with publication date: February 28, 2014.

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