Parametrica Management Expands Stake in Johnson Controls

2 min read | November 13, 2024 09:40 PM EST | By Team Kalkine Media

Parametrica Management Expands Stake in Johnson Controls — Image source: Shutterstock

Headline

Institutional Interest in Johnson Controls Rises
Expanded Holdings Among Leading Investors
Growing Confidence in Johnson Controls’ Prospects

Parametrica Management Ltd recently added Johnson Controls International plc (NYSE:JCI) shares to its portfolio, reflecting a growing institutional interest in the company. According to the latest SEC filing, Parametrica acquired new shares of Johnson Controls during the third quarter, marking this investment as its 21st largest holding. Johnson Controls now represents a meaningful portion of Parametrica’s overall portfolio, demonstrating confidence in the company's ongoing potential.

Other significant investors also enhanced their positions in Johnson Controls recently. Summit Trail Advisors LLC increased its stake in the company during the second quarter, while Miracle Mile Advisors LLC raised its holdings in the third quarter, highlighting sustained interest among major institutional players. Similarly, Berry Wealth Group LP and Center for Financial Planning Inc. expanded their stakes, further indicating strong investor confidence.

In the third quarter, Miracle Mile Advisors LLC held a notable stake in Johnson Controls, and during the same period, Berry Wealth Group LP also increased its ownership. Center for Financial Planning Inc. and Wedmont Private Capital added to their holdings in the second quarter, reinforcing the trend of increased institutional investments in Johnson Controls. Overall, the company has garnered a robust backing, with institutional ownership accounting for a significant portion of its shares.

The growing presence of institutional investors underscores a collective confidence in Johnson Controls International’s strategies and operational performance, contributing to a positive outlook for the company’s future trajectory.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.