Public Employees Retirement Association of Colorado lowered its position in shares of Tyco International Ltd. (NYSE:JCI) by 6.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 133,400 shares of the company’s stock after selling 9,604 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Tyco International were worth $5,904,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of JCI. Southpoint Capital Advisors LP acquired a new stake in Tyco International during the first quarter worth approximately $175,365,000. Miller Howard Investments Inc. NY acquired a new stake in Tyco International during the second quarter worth approximately $98,815,000. Artemis Investment Management LLP boosted its stake in Tyco International by 109.0% in the second quarter. Artemis Investment Management LLP now owns 4,164,069 shares of the company’s stock worth $184,281,000 after buying an additional 2,171,588 shares in the last quarter. Bank of Montreal Can acquired a new stake in Tyco International during the second quarter worth approximately $73,017,000. Finally, Calamos Advisors LLC acquired a new stake in Tyco International during the second quarter worth approximately $39,776,000. 63.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 0.53% during mid-day trading on Tuesday, hitting $43.97. The company had a trading volume of 7,937,693 shares. The firm has a 50-day moving average price of $45.55 and a 200 day moving average price of $45.66. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of 43.66 and a beta of 1.19. Tyco International Ltd. has a 52-week low of $31.73 and a 52-week high of $50.65.
Tyco International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. The company earned $9.50 billion during 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%. Tyco International’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. Analysts expect that Tyco International Ltd. will post $3.52 earnings per share for the current year.
JCI has been the topic of several research reports. RBC Capital Markets initiated coverage on Tyco International in a report on Tuesday, September 6th. They issued a “sector perform” rating and a $50.00 target price on the stock. Zacks Investment Research cut Tyco International from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Vetr raised Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 target price on the stock in a report on Monday, September 12th. Macquarie raised Tyco International from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $55.00 in a report on Thursday, September 8th. Finally, TheStreet raised Tyco International from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Eight research 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. The company presently has an average rating of “Buy” and a consensus target price of $50.11.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of the 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 completion of the sale, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company 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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