Prospera Financial Services Inc purchased a new stake in shares of Tyco International Ltd. (NYSE:JCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,972 shares of the company’s stock, valued at approximately $309,000.
A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Tyco International by 0.7% in the first quarter. State Street Corp now owns 26,431,033 shares of the company’s stock valued at $1,030,019,000 after buying an additional 191,922 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Tyco International by 4.3% in the first quarter. Franklin Resources Inc. now owns 13,313,944 shares of the company’s stock valued at $518,844,000 after buying an additional 552,799 shares in the last quarter. Institutional Capital LLC raised its stake in shares of Tyco International by 3.9% in the first quarter. Institutional Capital LLC now owns 8,569,385 shares of the company’s stock valued at $333,949,000 after buying an additional 322,906 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Tyco International by 0.4% in the first quarter. BlackRock Fund Advisors now owns 7,214,832 shares of the company’s stock valued at $281,162,000 after buying an additional 30,650 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tyco International by 2.9% in the first quarter. Geode Capital Management LLC now owns 5,184,206 shares of the company’s stock valued at $201,613,000 after buying an additional 146,467 shares in the last quarter. 93.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyco International Ltd. (NYSE:JCI) traded down 0.23% during midday trading on Monday, hitting $44.29. The company’s stock had a trading volume of 4,386,721 shares. The company has a market cap of $28.25 billion, a P/E ratio of 43.98 and a beta of 1.11. The company has a 50-day moving average price of $47.23 and a 200 day moving average price of $45.10. Tyco International Ltd. has a 1-year low of $31.73 and a 1-year high of $50.65.
Tyco International (NYSE:JCI) last issued its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.91 EPS. On average, equities research analysts predict that Tyco International Ltd. will post $2.09 EPS for the current year.
Several analysts recently commented on JCI shares. Vetr raised Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price target on the stock in a research note on Monday, September 12th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $52.00 price target (up previously from $51.00) on shares of Tyco International in a research note on Wednesday, September 7th. Zacks Investment Research lowered Tyco International from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. TheStreet lowered Tyco International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Tyco International in a research note on Saturday, July 9th. Seven 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 an average rating of “Buy” and a consensus price target of $50.69.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of the firm’s stock in a transaction 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 sale, 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 document filed with the SEC, which is available at the SEC website. 1.50% of the stock is 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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