Bourgeon Capital Bets on Tech, Oil & Finance for Q2

Bourgeon Capital boosted its stake in Plum Creek Timber Co. Inc. (NYSE:PCL) by 30,880 shares to 110,245 shares valued at $4.79 million. Plum Creek Timber Co. Inc. (NYSE:PCL) reported in its financial results for the first quarter, earnings of $42 million or $0.24 per diluted share, on revenue of $406 million, versus a profit of $30 million ($0.17 per share) and revenue of $317 million a year earlier. In addition, during the January-March period, the company repurchased approximately 445,000 shares of common stock at $41.97 per unit. Some of the largest shareholders of Plum Creek Timber Co. Inc. (NYSE:PCL) among the funds from our database are Jean-Marie Eveillard’s First Eagle Investment Management, Ken Griffin’s Citadel Investment Group and Phill Gross and Robert Atchinson’s Adage Capital Management.

In Johnson Controls Inc (NYSE:JCI), Bourgeon Capital disclosed holding 88,937 shares valued at $4.49 million. Following strong financial results for the first quarter, which came in above the expectations, two analysts raised their price targets on Johnson Controls Inc (NYSE:JCI)’s stock. Citigroup and Nomura raised their targets to $54.00 and $50.00 respectively, but reiterated their ‘Neutral’ ratings. Jim Simons and Joel Greenblatt are among the billionaire investors that own substantial positions in Johnson Controls Inc (NYSE:JCI) as of the end of 2014.

Schlumberger Limited. (NYSE:SLB) represents John A. Zaro’s fifth-largest position, as the hedge fund disclosed holding 53,265 shares worth $4.44 million. Affected by the decline in oil prices, Schlumberger Limited. (NYSE:SLB)’s earnings for the last quarter fell by 39% to $0.76 per share, but the company has announced some cost cutting initiatives to compensate, laying off 20,000 employees and reducing its capital expenditure guidance to $2.50 billion for 2015, versus $4.0 billion last year. These initiatives will help to offset the decline of Schlumberger Limited. (NYSE:SLB)’s stock, which is down by 8% over the last 52 weeks, though it has appreciated by almost 9% since the beginning of 2015. Other large shareholders are Greenhaven Associates managed by Edgar Wachenheim, Ken Fisher’s Fisher Asset Management and Adage Capital Management.

Disclosure: none