Sit Investment Associates Inc. maintained its position in shares of Tyco International Ltd. (NYSE:TYC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,100 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Tyco International were worth $2,092,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TYC. First Quadrant L P CA bought a new stake in shares of Tyco International during the second quarter worth $124,000. Berkshire Asset Management LLC PA boosted its stake in shares of Tyco International by 6.6% in the second quarter. Berkshire Asset Management LLC PA now owns 6,041 shares of the company’s stock worth $257,000 after buying an additional 372 shares in the last quarter. MAI Capital Management bought a new stake in shares of Tyco International during the second quarter worth $282,000. Cleararc Capital Inc. boosted its stake in shares of Tyco International by 0.3% in the first quarter. Cleararc Capital Inc. now owns 10,363 shares of the company’s stock worth $380,000 after buying an additional 36 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Tyco International by 4.4% in the second quarter. Strs Ohio now owns 10,698 shares of the company’s stock worth $455,000 after buying an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.
Tyco International Ltd. (NYSE:TYC) remained flat at $45.59 during trading on Monday. Tyco International Ltd. has a 1-year low of $28.94 and a 1-year high of $46.19. The stock has a 50 day moving average price of $44.69 and a 200 day moving average price of $40.50.
Tyco International (NYSE:TYC) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm earned $2.45 billion during the quarter, compared to the consensus estimate of $2.44 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 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. Equities analysts expect that Tyco International Ltd. will post $2.05 earnings per share for the current year.
A number of brokerages have weighed in on TYC. Zacks Investment Research raised Tyco International from a “sell” rating to a “hold” rating and set a $49.00 price target for the company in a research report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Tyco International in a research report on Saturday, July 9th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Tyco International presently has an average rating of “Hold” and a consensus target price of $40.82.
In other Tyco International news, Director Edward D. Breen sold 353,944 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $44.40, for a total transaction of $15,715,113.60. Following the completion of the sale, the director now directly owns 1,835,739 shares in the company, valued at $81,506,811.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.
Tyco International Company Profile
Tyco International Ltd. (Tyco) is a diversified company, which provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products. It operates in five segments: ADT Worldwide, Flow Control, Fire Protection Services, Electrical and Metal Products, and Safety Products.
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