Savant Capital LLC acquired a new position in shares of Tyco International Ltd. (NYSE:JCI) during the second quarter, Holdings Channel reports. The fund acquired 5,525 shares of the company’s stock, valued at approximately $245,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JCI. Oakworth Capital Inc. boosted its position in Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock worth $108,000 after buying an additional 1,500 shares during the period. Cribstone Capital Management LLC purchased a new position in Tyco International during the second quarter worth approximately $134,000. Financial Architects Inc boosted its position 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 period. Guinness Asset Management Ltd purchased a new position in Tyco International during the second quarter worth approximately $195,000. Finally, Founders Capital Management LLC boosted its position in Tyco International by 0.8% in the second quarter. Founders Capital Management LLC now owns 4,417 shares of the company’s stock worth $196,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 62.79% of the company’s stock.
Tyco International Ltd. (NYSE:JCI) traded down 0.79% during mid-day trading on Friday, reaching $45.29. 3,851,290 shares of the company’s stock traded hands. Tyco International Ltd. has a 52-week low of $31.73 and a 52-week high of $50.65. The company has a market capitalization of $28.88 billion, a price-to-earnings ratio of 44.98 and a beta of 1.19. The company has a 50-day moving average of $46.47 and a 200-day moving average of $45.41.
Tyco International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company earned $9.50 billion during the quarter, compared to analyst estimates of $9.62 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. Equities research analysts expect that Tyco International Ltd. will post $3.52 EPS for the current year.
A number of research firms have commented on JCI. Morgan Stanley set a $55.00 price target on Tyco International and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $52.00 price target (up from $51.00) on shares of Tyco International in a research note on Wednesday, September 7th. Atlantic Securities restated an “overweight” rating on shares of Tyco International in a research note on Friday, September 9th. TheStreet cut 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 upped their price target for the stock from $43.00 to $55.00 in a research note on Thursday, September 8th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.73.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the company’s 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 completion of the sale, the vice president now directly owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by insiders.
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.
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