Apache Corporation (APA), Johnson Controls, Inc. (JCI) & More: What Edinburgh Partners and Its Peers Think about These Stocks?

Then there’s Johnson Controls, Inc. (NYSE:JCI), whose stock inched up by 0.3% between July and September, while Edinburgh unloaded its entire stake, which previously had contained 1.48 million shares worth $65.39 million at the end of June. Overall, there were 32 funds followed by our team long the stock at the end of the second quarter, up by 19% over the quarter. More specifically, Southpoint Capital Advisors was the largest shareholder of Johnson Controls, Inc. (NYSE:JCI), with a stake worth $203.6 million reported as of the end of June. Trailing Southpoint Capital Advisors was Blue Mountain Capital, which amassed a stake valued at $133.9 million. Corvex Capital, Scopia Capital, and Two Sigma Advisors also held valuable positions in the company.

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In PerkinElmer, Inc. (NYSE:PKI), Edinburgh Partners also cut its stake in the last two quarters, by 16% and 29% respectively. In this way, the fund held 1.02 million shares worth $57.39 million at the end of September, down from 1.23 million shares worth $64.41 million at the end of June. Meanwhile, the stock appreciated by 7.2% during the third quarter. Among these funds, Select Equity Group held the most valuable stake in PerkinElmer, Inc. (NYSE:PKI), which was worth $110.9 million at the end of the second quarter. On the second spot was Edinburgh Partners which amassed $64.4 million worth of shares. Moreover, Impax Asset Management, Millennium Management, and Fisher Asset Management were also bullish on PerkinElmer, Inc. (NYSE:PKI).

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Disclosure: none