Johnson Controls (NYSE:JCI) Acquisitions Bodes Well for 2011

Johnson Controls (NYSE:JCI) has a history of successfully acquiring and assimilating companies into their fold, and with their acquisitions of KEIPER and Recaro, they are positioned well heading into the new year.

Kaufman said, "JCI expands seat business with acquisitions. JCI announced two acquisitions yesterday to augment its Automotive Experience segment. The first acquisition was for KEIPER, which manufactures the mechanisms for seats, and the second was the sport seat business of Recaro. While financial terms were not disclosed, the company has a long history of successfully integrating acquisitions and importantly taking out costs and achieving meaningful synergies...Maintaining above-consensus 2011/2012 EPS estimates of $2.60 and $3.00."

Kaufman Bros. maintains a "Buy" rating on Johnson Controls, which closed Friday at $18.53, up $0.36, or 1.98 percent. Kaufman raised their price target on them to $41.