Calamos Advisors LLC bought a new stake in shares of Tyco International Ltd. (NYSE:JCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 898,698 shares of the company’s stock, valued at approximately $39,776,000.
Several other hedge funds have also recently modified their holdings of JCI. Stratos Wealth Partners LTD. increased its position in Tyco International by 809.4% in the first quarter. Stratos Wealth Partners LTD. now owns 54,848 shares of the company’s stock worth $2,137,000 after buying an additional 48,817 shares during the period. EagleClaw Capital Managment LLC increased its position in Tyco International by 0.3% in the first quarter. EagleClaw Capital Managment LLC now owns 58,000 shares of the company’s stock worth $2,262,000 after buying an additional 200 shares during the period. Ngam Advisors L.P. increased its position in Tyco International by 10.9% in the first quarter. Ngam Advisors L.P. now owns 125,603 shares of the company’s stock worth $4,895,000 after buying an additional 12,383 shares during the period. Morris Capital Advisors LLC bought a new position in Tyco International during the first quarter worth about $382,000. Finally, Dubuque Bank & Trust Co. increased its position in Tyco International by 24.2% in the first quarter. Dubuque Bank & Trust Co. now owns 135,508 shares of the company’s stock worth $5,281,000 after buying an additional 26,433 shares during the period. Institutional investors own 93.95% of the company’s stock.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 2.73% during midday trading on Wednesday, reaching $46.21. 9,520,472 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $47.01 and a 200-day moving average of $45.15. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 45.89 and a beta of 1.11. Tyco International Ltd. has a one year low of $31.73 and a one year high of $50.65.
Tyco International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Tyco International Ltd. will post $3.56 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Morgan Stanley set a $55.00 price target on Tyco International and gave the company a “buy” rating in a research note on Tuesday, September 6th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $52.00 price target (up previously from $51.00) on shares of Tyco International in a research note on Wednesday, September 7th. Atlantic Securities reiterated an “overweight” rating on shares of Tyco International in a research note on Friday, September 9th. TheStreet downgraded Tyco International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Finally, Macquarie upgraded Tyco International from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $55.00 in a research note on Thursday, September 8th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.69.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total value of $4,412,561.70. Following the transaction, the vice president now directly owns 100,766 shares in the company, valued at $4,529,431.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company 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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