Bank of Hawaii decreased its stake in Tyco International Ltd. (NYSE:JCI) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 53,165 shares of the company’s stock after selling 761 shares during the period. Bank of Hawaii’s holdings in Tyco International were worth $2,353,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Oakworth Capital Inc. boosted its stake 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 in the last quarter. Signaturefd LLC raised its stake in Tyco International by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock worth $115,000 after buying an additional 313 shares during the last quarter. Cribstone Capital Management LLC purchased a new stake in Tyco International during the second quarter worth $134,000. Financial Architects Inc raised its stake in Tyco International by 84.4% in the second quarter. Financial Architects Inc now owns 3,868 shares of the company’s stock worth $171,000 after buying an additional 1,770 shares during the last quarter. Finally, Guinness Asset Management Ltd purchased a new stake in Tyco International during the second quarter worth $195,000. 63.02% of the stock is currently owned by institutional investors and hedge funds.
Tyco International Ltd. (NYSE:JCI) traded up 1.6040% during midday trading on Wednesday, reaching $44.6753. The company’s stock had a trading volume of 3,025,082 shares. The company has a market capitalization of $28.49 billion, a price-to-earnings ratio of 44.3647 and a beta of 1.19. The company’s 50-day moving average price is $45.55 and its 200-day moving average price is $45.66. Tyco International Ltd. has a 1-year low of $31.73 and a 1-year high of $50.65.
JCI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Tyco International from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, June 21st. Morgan Stanley set a $55.00 target price on shares of Tyco International and gave the stock a “buy” rating in a research note on Tuesday, September 6th. TheStreet upgraded shares of Tyco International from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Credit Suisse Group AG restated a “buy” rating on shares of Tyco International in a research note on Saturday, July 9th. Finally, Robert W. Baird restated a “buy” rating on shares of Tyco International in a research note on Tuesday, June 28th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.11.
In related news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the completion of the sale, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.
Tyco International Company Profile
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.
Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyco International Ltd. (NYSE:JCI).
Receive News & Ratings for Tyco International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyco International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.