Sippican Capital Advisors boosted its stake in shares of Tyco International Ltd. (NYSE:JCI) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 42,604 shares of the company’s stock after buying an additional 208 shares during the period. Tyco International makes up about 2.2% of Sippican Capital Advisors’ investment portfolio, making the stock its 12th largest position. Sippican Capital Advisors’ holdings in Tyco International were worth $1,886,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Tyco International by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,010,000 shares of the company’s stock valued at $39,360,000 after buying an additional 96,200 shares during the period. Southpoint Capital Advisors LP purchased a new stake in Tyco International during the first quarter valued at about $175,365,000. Creative Planning increased its stake in Tyco International by 8.2% in the second quarter. Creative Planning now owns 28,320 shares of the company’s stock valued at $1,253,000 after buying an additional 2,149 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Tyco International by 1.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 445,945 shares of the company’s stock valued at $17,378,000 after buying an additional 5,025 shares during the period. Finally, Moore Capital Management LP purchased a new stake in Tyco International during the first quarter valued at about $1,949,000. Institutional investors and hedge funds own 93.95% of the company’s stock.
Tyco International Ltd. (NYSE:JCI) traded up 0.92% during midday trading on Thursday, hitting $44.96. The company’s stock had a trading volume of 4,841,285 shares. The company has a market cap of $28.67 billion, a PE ratio of 44.65 and a beta of 1.11. The stock has a 50 day moving average of $47.51 and a 200 day moving average of $44.95. Tyco International Ltd. has a 52-week low of $31.73 and a 52-week high of $50.65.
Tyco International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.07 EPS for the quarter, topping the Zacks’ 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 firm earned $9.50 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts expect that Tyco International Ltd. will post $2.09 EPS for the current year.
JCI has been the subject of several recent research reports. Atlantic Securities reaffirmed an “overweight” rating on shares of Tyco International in a report on Friday, September 9th. Sanford C. Bernstein initiated coverage on Tyco International in a report on Friday, September 16th. They issued an “outperform” rating and a $57.00 price objective for the company. Vetr raised Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price objective for the company in a report on Monday, September 12th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $52.00 price objective (up from $51.00) on shares of Tyco International in a report on Wednesday, September 7th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Tyco International in a report on Tuesday, June 28th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Tyco International has an average rating of “Buy” and a consensus target price of $50.69.
In related news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction 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 sale, the vice president now owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is 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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