According to Zacks, “Johnson Controls’ merger with Tyco has created a leading global multi-industrial company named Johnson Controls International plc. The combined company is expected to generate revenues of $30 billion annually. Johnson Controls expects market expansion, acquisitions and strategic contracts to improve its performance and boost earnings. However, currency headwinds and stiff competition are some concerns. Johnson Controls’ earnings estimates have inched down lately, albeit still significantly higher than 30 days ago. The company has a mostly positive record of earnings surprises in recent quarters.”
Other equities analysts have also issued reports about the stock. TheStreet raised shares of Tyco International from a hold rating to a buy rating in a research report on Thursday, July 21st. Credit Suisse Group AG reissued a buy rating on shares of Tyco International in a research report on Saturday, July 9th. Robert W. Baird reissued a buy rating on shares of Tyco International in a research report on Tuesday, June 28th. Morgan Stanley reaffirmed a buy rating on shares of Tyco International in a report on Wednesday, June 15th. Finally, Vetr lowered shares of Tyco International from a buy rating to a hold rating and set a $44.50 target price for the company. in a report on Monday, May 23rd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $50.69.
Shares of Tyco International (NYSE:JCI) opened at 44.39 on Tuesday. The company’s 50-day moving average is $47.38 and its 200-day moving average is $44.98. Tyco International has a 1-year low of $31.73 and a 1-year high of $50.65. The stock has a market cap of $28.31 billion, a P/E ratio of 44.08 and a beta of 1.11.
Tyco International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The company earned $9.50 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the firm posted $0.91 EPS. Tyco International’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts expect that Tyco International will post $2.09 EPS for the current fiscal year.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the transaction, the vice president now owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Community Bank & Trust Waco Texas boosted its position in shares of Tyco International by 16.9% in the first quarter. Community Bank & Trust Waco Texas now owns 25,045 shares of the company’s stock valued at $976,000 after buying an additional 3,615 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in shares of Tyco International during the first quarter valued at $554,000. Aperio Group LLC boosted its position in shares of Tyco International by 12.3% in the first quarter. Aperio Group LLC now owns 311,043 shares of the company’s stock valued at $12,121,000 after buying an additional 34,036 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in shares of Tyco International by 16.6% in the first quarter. Commonwealth Equity Services Inc now owns 148,940 shares of the company’s stock valued at $5,804,000 after buying an additional 21,182 shares during the last quarter. Finally, Telemus Capital LLC purchased a new position in shares of Tyco International during the first quarter valued at $321,000. 93.95% of the stock is currently owned by hedge funds and other institutional investors.
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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