Concert Wealth Management Inc. increased its position in Tyco International Ltd. (NYSE:JCI) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 30,086 shares of the company’s stock after buying an additional 1,193 shares during the period. Concert Wealth Management Inc.’s holdings in Tyco International were worth $1,331,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in JCI. First Citizens Bank & Trust Co. bought a new position in shares of Tyco International during the second quarter worth approximately $230,000. Atlas Brown Inc. increased its position in shares of Tyco International by 8.8% in the second quarter. Atlas Brown Inc. now owns 16,854 shares of the company’s stock worth $746,000 after buying an additional 1,370 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new position in shares of Tyco International during the second quarter worth approximately $7,264,000. Trillium Asset Management LLC increased its position in shares of Tyco International by 0.5% in the second quarter. Trillium Asset Management LLC now owns 556,603 shares of the company’s stock worth $24,636,000 after buying an additional 2,782 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of Tyco International during the second quarter worth approximately $245,000. 62.79% of the stock is owned by institutional investors and hedge funds.
Tyco International Ltd. (NYSE:JCI) traded down 0.581% on Friday, reaching $45.385. The company’s stock had a trading volume of 2,419,936 shares. The firm has a 50-day moving average price of $46.59 and a 200 day moving average price of $45.37. Tyco International Ltd. has a 52-week low of $31.73 and a 52-week high of $50.65. The firm has a market capitalization of $28.94 billion, a P/E ratio of 45.070 and a beta of 1.19.
Tyco International (NYSE:JCI) last issued its earnings results on Thursday, July 21st. The company reported $1.07 EPS for the quarter, topping the consensus estimate 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 return on equity of 20.59% and a net margin of 5.45%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. Equities analysts anticipate that Tyco International Ltd. will post $3.52 earnings per share for the current fiscal year.
A number of brokerages have recently commented on JCI. Cowen and Company began coverage on Tyco International in a research report on Wednesday, September 28th. They set an “outperform” rating for the company. Zacks Investment Research downgraded Tyco International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Morgan Stanley set a $55.00 price objective on Tyco International and gave the stock a “buy” rating in a research report on Saturday, September 17th. Sanford C. Bernstein began coverage on Tyco International in a research report on Friday, September 16th. They set an “outperform” rating and a $57.00 price objective for the company. Finally, 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 research report on Monday, September 12th. Seven investment 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 company. The company 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 Tyco International stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $44.95, for a total value of $4,412,561.70. Following the completion of the transaction, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.63% of the stock is 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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