FTB Advisors Inc. increased its stake in Tyco International Ltd. (NYSE:JCI) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,924 shares of the company’s stock after buying an additional 379 shares during the period. FTB Advisors Inc.’s holdings in Tyco International were worth $217,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Tyco International by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock valued at $115,000 after buying an additional 313 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Tyco International during the second quarter valued at about $279,000. Penobscot Investment Management Company Inc. raised its position in shares of Tyco International by 33.9% in the second quarter. Penobscot Investment Management Company Inc. now owns 10,415 shares of the company’s stock valued at $461,000 after buying an additional 2,635 shares in the last quarter. BP PLC raised its position in shares of Tyco International by 35.8% in the second quarter. BP PLC now owns 110,000 shares of the company’s stock valued at $4,868,000 after buying an additional 29,000 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Tyco International by 1.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 52,893 shares of the company’s stock valued at $2,341,000 after buying an additional 623 shares in the last quarter. 63.02% of the stock is currently owned by institutional investors and hedge funds.
Tyco International Ltd. (NYSE:JCI) traded up 0.27% during trading on Monday, hitting $44.00. 8,170,813 shares of the stock traded hands. The firm has a 50-day moving average price of $45.80 and a 200 day moving average price of $45.53. Tyco International Ltd. has a 52-week low of $31.73 and a 52-week high of $50.65. The company has a market cap of $28.06 billion, a P/E ratio of 43.69 and a beta of 1.19.
Tyco International (NYSE:JCI) last released its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.62 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, equities analysts expect that Tyco International Ltd. will post $3.52 EPS for the current year.
Several brokerages recently issued reports on JCI. Wells Fargo & Co. reissued a “market perform” rating on shares of Tyco International in a research note on Wednesday, October 12th. Cowen and Company assumed coverage on shares of Tyco International in a research note on Wednesday, September 28th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of Tyco International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Morgan Stanley set a $55.00 price objective on shares of Tyco International and gave the company a “buy” rating in a research note on Saturday, September 17th. Finally, Sanford C. Bernstein assumed coverage on shares of Tyco International in a research note on Friday, September 16th. They issued an “outperform” rating and a $57.00 price objective on the stock. Eight investment 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’s stock. Tyco International has a consensus rating of “Buy” and a consensus price target of $49.91.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by 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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