Parametrica Management Ltd Expands Stake in Johnson Controls International

November 13, 2024 09:09 PM PST | By Team Kalkine Media

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

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Parametrica Management Ltd acquires shares of Johnson Controls International (NYSE)

Several institutional investors adjust their holdings in the company.

Institutional ownership of Johnson Controls International reaches significant levels.

Parametrica Management Ltd has recently acquired a new stake in Johnson Controls International (NYSE:JCI), marking a notable move in the company’s stock. The firm purchased over 10,000 shares of the company, contributing approximately $799,000 to the investment. This acquisition positions Johnson Controls International as a modest yet important asset in Parametrica's portfolio, making it the firm’s 21st largest holding.

Other institutional investors have also made adjustments to their holdings in Johnson Controls International in recent quarters. Fortitude Family Office LLC significantly increased its stake by nearly 200%, now owning a greater number of shares worth approximately $33,000. Similarly, Continuum Advisory LLC and Wolff Wiese Magana LLC raised their positions, showing strong interest in the company’s growth. Continuum Advisory increased its holding by more than 65%, while Wolff Wiese Magana’s stake saw a remarkable surge of over 900%. Additionally, Western Pacific Wealth Management LP and Hexagon Capital Partners LLC both made new investments in the company during the third quarter, with both firms seeing notable increases in their holdings.

These movements highlight the increasing interest in Johnson Controls International from institutional investors, which now own over 90% of the company’s shares. The collective actions of these institutional stakeholders reflect growing confidence in the company’s potential and future developments.

Johnson Controls International continues to gain attention in the investment community, with various players adding to or adjusting their stakes. The company’s continued importance in institutional portfolios suggests a strong outlook for its future prospects.

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