Varma Mutual Pension Insurance Co. reduced its stake in Johnson Controls International plc (JCI) by 22.8% in Q3, selling 28,600 shares to hold 96,906 shares valued at $10.655 million. Despite this, several other institutional investors significantly increased their positions, and hedge funds and institutions own about 90.05% of the stock. Johnson Controls reported better-than-expected quarterly earnings and revenue, and provided optimistic future guidance, while insiders had mixed activity with a VP selling shares and a director buying.
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Varma Mutual Pension Insurance Co Cuts Stake in Johnson Controls International plc $JCI
Varma Mutual Pension Insurance Co. reduced its stake in Johnson Controls International plc (JCI) by 22.8% in Q3, selling 28,600 shares to hold 96,906 shares valued at $10.655 million. Despite this, several other institutional investors significantly increased their positions, and hedge funds and institutions own about 90.05% of the stock. Johnson Controls reported better-than-expected quarterly earnings and revenue, and provided optimistic future guidance, while insiders had mixed activity with a VP selling shares and a director buying.