5 Best Lithium Stocks to Buy Now

4. Johnson Controls, Inc. (NYSE: JCI)

No of HFs: 34

Total Value of HF Holdings: $795 Million

Johnson Controls, Inc. is based in Cork, Ireland. The company manufactures fire, HVAC, and building safety equipment. The United States Department of Energy under the American Recovery and Reinvestment Act (ARRA) recently granted JCI to build domestic manufacturing capacity for advanced batteries for hybrid and electric vehicles. JCI offers a dividend yield of 1.85%.

At the end of the fourth quarter, 34 hedge funds in Insider Monkey’s database of 887 funds held stakes in Johnson Controls, Inc., compared to 24 funds in the third quarter.

Diamon Hill Capital mentioned JCI in its Q1 2020 investor letter:

“Diversified technology and industrial company Johnson Controls International company Johnson Controls Internaional PLC underperformed after reporting disappointing quarterly results. We continue to believe the stock is trading at a significant discount to our estimate of intrinsic value and that the new management team has an attractive opportunity to grow that intrinsic value over time through continue operational improvements and shrewd capital allocation.”