Systematic Financial Management LP maintained its position in Tyco International Ltd. (NYSE:JCI) during the second quarter, Holdings Channel reports. The institutional investor owned 8,900 shares of the company’s stock at the end of the second quarter. Systematic Financial Management LP’s holdings in Tyco International were worth $393,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 last quarter. Signaturefd LLC boosted its position in Tyco International by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock worth $115,000 after buying an additional 313 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Tyco International by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 2,742 shares of the company’s stock worth $121,000 after buying an additional 20 shares during the last quarter. Cribstone Capital Management LLC bought a new position in Tyco International during the second quarter worth approximately $134,000. Finally, Parkside Financial Bank & Trust boosted its position in Tyco International by 310.5% in the second quarter. Parkside Financial Bank & Trust now owns 3,153 shares of the company’s stock worth $140,000 after buying an additional 2,385 shares during the last quarter. 93.95% of the stock is currently owned by institutional investors.
Tyco International Ltd. (NYSE:JCI) traded down 0.20% during midday trading on Tuesday, hitting $44.20. The stock had a trading volume of 3,766,581 shares. Tyco International Ltd. has a 12-month low of $31.73 and a 12-month high of $50.65. The company has a 50-day moving average price of $47.23 and a 200-day moving average price of $45.10. The company has a market cap of $28.19 billion, a price-to-earnings ratio of 43.89 and a beta of 1.11.
Tyco International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. The business had revenue of $9.50 billion for 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 company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. Equities analysts anticipate that Tyco International Ltd. will post $2.09 EPS for the current year.
JCI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Tyco International from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, June 21st. Robert W. Baird reaffirmed a “buy” rating on shares of Tyco International in a research report on Wednesday, June 15th. Morgan Stanley reaffirmed a “buy” rating on shares of Tyco International in a research report on Wednesday, June 15th. TheStreet raised shares of Tyco International from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Tyco International in a research report on Saturday, July 9th. Seven equities research 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 stock currently has a consensus rating of “Buy” and a consensus price target of $50.69.
In other news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction dated 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 transaction, the vice president now directly owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% 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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