Aviance Capital Management LLC boosted its stake in Tyco International Ltd. (NYSE:JCI) by 13.6% during the second quarter, Holdings Channel reports. The fund owned 28,211 shares of the company’s stock after buying an additional 3,378 shares during the period. Aviance Capital Management LLC’s holdings in Tyco International were worth $1,249,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oakworth Capital Inc. boosted its position in shares of Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock valued at $108,000 after buying an additional 1,500 shares during the last quarter. Cribstone Capital Management LLC purchased a new position in shares of Tyco International during the second quarter valued at approximately $134,000. Financial Architects Inc boosted its position in shares of Tyco International by 84.4% in the second quarter. Financial Architects Inc now owns 3,868 shares of the company’s stock valued at $171,000 after buying an additional 1,770 shares during the last quarter. Guinness Asset Management Ltd purchased a new position in shares of Tyco International during the second quarter valued at approximately $195,000. Finally, Founders Capital Management LLC boosted its position in shares of Tyco International by 0.8% in the second quarter. Founders Capital Management LLC now owns 4,417 shares of the company’s stock valued at $196,000 after buying an additional 33 shares during the last quarter. Institutional investors own 93.95% of the company’s stock.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 1.56% during trading on Tuesday, reaching $44.98. 9,300,756 shares of the company were exchanged. The company has a 50 day moving average price of $47.10 and a 200-day moving average price of $45.14. Tyco International Ltd. has a one year low of $31.73 and a one year high of $50.65. The stock has a market capitalization of $28.69 billion, a price-to-earnings ratio of 44.67 and a beta of 1.11.
Tyco International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. Tyco International had a return on equity of 20.59% and a net margin of 5.45%. The business earned $9.50 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the firm earned $0.91 EPS. Tyco International’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that Tyco International Ltd. will post $3.55 EPS for the current year.
Several analysts recently commented on the stock. Credit Suisse Group AG restated a “buy” rating on shares of Tyco International in a report on Saturday, July 9th. Morgan Stanley set a $55.00 price target on shares of Tyco International and gave the stock a “buy” rating in a report on Saturday, September 17th. TheStreet cut shares of Tyco International from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Robert W. Baird restated a “buy” rating on shares of Tyco International in a report on Tuesday, June 28th. Finally, Atlantic Securities restated an “overweight” rating on shares of Tyco International in a report on Friday, September 9th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.69.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the completion of the transaction, the vice president now owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.
About Tyco International
Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.
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