Whittier Trust Co. held its stake in Tyco International Ltd. (NYSE:TYC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,380 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Tyco International were worth $101,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of TYC. First Quadrant L P CA bought a new stake in Tyco International during the second quarter worth $124,000. Berkshire Asset Management LLC PA increased its position 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 during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Tyco International by 31.6% in the second quarter. Nisa Investment Advisors LLC now owns 101,171 shares of the company’s stock worth $4,310,000 after buying an additional 24,300 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Tyco International by 43.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 44,959 shares of the company’s stock worth $1,915,000 after buying an additional 13,700 shares during the last quarter. Finally, MAI Capital Management purchased a new position in shares of Tyco International during the second quarter worth approximately $282,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyco International Ltd. (NYSE:TYC) remained flat at $45.59 during midday trading on Tuesday. The firm has a 50 day moving average of $44.69 and a 200-day moving average of $40.50. Tyco International Ltd. has a one year low of $28.94 and a one year high of $46.19.
Tyco International (NYSE:TYC) last released its quarterly earnings results 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. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts expect that Tyco International Ltd. will post $2.05 EPS for the current fiscal year.
A number of equities analysts recently commented on TYC shares. Zacks Investment Research upgraded shares of Tyco International from a “sell” rating to a “hold” rating and set a $49.00 target price for the company in a research note on Wednesday, July 13th. Credit Suisse Group AG reiterated a “hold” rating on shares of Tyco International in a research note on Saturday, July 9th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Tyco International currently has a consensus rating of “Hold” and a consensus target price of $40.82.
In related news, Director Edward D. Breen sold 353,944 shares of Tyco International stock in a transaction 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 sale, the director now owns 1,835,739 shares of the company’s stock, valued at approximately $81,506,811.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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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