Will Johnson Controls’ Ups And Downs Confuse These Top Institutional Shareholders?

Johnson Controls Inc. (NYSE:JCI) announced a first quarter earnings per share of $0.52 and revenue of $10.4 billion which beat estimates by $0.01 and $0.16 billion respectively. Net sales were flat compared to the same quarter last year. Net income of $354 million fell 16.5% compared to $424 million last year. The results reflected softer global demand in the company’s markets, particularly in Europe. The building efficiency segment improved income 19% to $172 million, while the automotive experience segment reported 50% lower income at $101 million. Earnings in the first half of fiscal 2013 are expected to be significantly lower than 2012 and for the second quarter, the company expects earnings per share of $0.40-$0.42.

Will  Johnson Controls Inc.’s shareholders decrease their holdings? They reported owning a total of 12.306 million shares on 12/31/2012. The shares closed at $30.67 on 12/31/2012.

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Here are the ten largest positions in Johnson Controls Inc. at the end of December 31st, 2012.

Edinburgh Partners Ltd. held 6,119,850 shares on 12/31/2012 worth $187,695,800. This brought the portfolio total to 10.61%.

Welch & Forbes LLC. held 1,025,610 shares on 12/31/2012 worth $31,455,459. This brought the portfolio total to 1.23%.

Chevy Chase Trust Holdings Inc. held 760,594 shares on 12/31/2012 worth $23,327,418. This brought the portfolio total to 0.22%.

Texas Permanent School Fund held 378,202 shares on 12/31/2012 worth $11,599,455. This brought the portfolio total to 0.13%.

Park National Corp. /OH/ held 299,635 shares on 12/31/2012 worth $9,189,805. This brought the portfolio total to 0.82%.

Exxonmobil Investment Management Inc. /TX  held 218,813 shares on 12/31/2012 worth $6,710,995. This brought the portfolio total to 0.16%.

Chesley Taft & Associates LLC./IL held 216,061 shares on 12/31/2012 worth $6,626,591. This brought the portfolio total to 0.87%.

Shell Asset Management Co. held 215,521 shares on 12/31/2012 worth $6,610,029. This brought the portfolio total to 0.13%.

Lathrop Investment Management Corp. held 170,763 shares on 12/31/2012 worth $5,237,301. This brought the portfolio total to 3.14%.

Sarasin & Partners LLP. held 167,696 shares on 12/31/2012 worth $5,143,236. This brought the portfolio total to 0.09%.

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