Agran Libbie held its stake in Tyco International Ltd. (NYSE:JCI) during the second quarter, Holdings Channel reports. The firm owned 10,115 shares of the company’s stock at the end of the second quarter. Agran Libbie’s holdings in Tyco International were worth $448,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Institutional Capital LLC boosted its stake in 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 during the last quarter. Woodstock Corp boosted its stake in Tyco International by 0.9% in the first quarter. Woodstock Corp now owns 22,325 shares of the company’s stock valued at $870,000 after buying an additional 200 shares during the last quarter. Franklin Resources Inc. boosted its stake in 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 during the last quarter. Prudential Financial Inc. boosted its stake in Tyco International by 2.1% in the first quarter. Prudential Financial Inc. now owns 1,215,232 shares of the company’s stock valued at $47,357,000 after buying an additional 24,940 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in Tyco International by 809.4% in the first quarter. Stratos Wealth Partners LTD. now owns 54,848 shares of the company’s stock valued at $2,137,000 after buying an additional 48,817 shares during the last quarter. 93.95% of the stock is currently owned by institutional investors and hedge funds.
Tyco International Ltd. (NYSE:JCI) traded down 0.65% during midday trading on Thursday, hitting $45.91. The stock had a trading volume of 7,051,552 shares. The firm has a 50-day moving average of $47.01 and a 200 day moving average of $45.15. Tyco International Ltd. has a 52-week low of $31.73 and a 52-week high of $50.65. The firm has a market capitalization of $29.28 billion, a P/E ratio of 45.59 and a beta of 1.11.
Tyco International (NYSE:JCI) last announced its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ 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 revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. On average, equities analysts forecast that Tyco International Ltd. will post $3.46 EPS for the current year.
JCI has been the topic of a number of analyst reports. Morgan Stanley set a $55.00 price target on Tyco International and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $52.00 price target (up from $51.00) on shares of Tyco International in a research report on Wednesday, September 7th. Atlantic Securities reissued an “overweight” rating on shares of Tyco International in a research report on Friday, September 9th. TheStreet cut Tyco International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Macquarie raised Tyco International from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $55.00 in a research report on Thursday, September 8th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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 that occurred on 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 directly owns 100,766 shares in the company, valued at $4,529,431.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company 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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