Tyco International Ltd. (NYSE:JCI)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Wells Fargo & Co. in a research note issued on Wednesday.
Other equities research analysts have also issued reports about the company. Credit Suisse Group AG restated a “buy” rating on shares of Tyco International in a research report on Saturday, July 9th. Morgan Stanley set a $55.00 price target on Tyco International and gave the company a “buy” rating in a report on Saturday, September 17th. TheStreet lowered Tyco International from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Robert W. Baird reiterated a “buy” rating on shares of Tyco International in a report on Wednesday, June 15th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $50.00 price target on shares of Tyco International in a report on Tuesday, June 14th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.73.
Shares of Tyco International (NYSE:JCI) opened at 43.49 on Wednesday. Tyco International has a 52-week low of $31.73 and a 52-week high of $50.65. The firm has a market cap of $27.74 billion, a P/E ratio of 43.19 and a beta of 1.19. The stock’s 50 day moving average is $45.93 and its 200-day moving average is $45.50.
Tyco International (NYSE:JCI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. Tyco International had a return on equity of 20.59% and a net margin of 5.45%. The firm earned $9.50 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Tyco International will post $3.52 earnings per share for the current fiscal year.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the sale, the vice president now directly owns 100,766 shares in the company, valued at $4,529,431.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in JCI. Southpoint Capital Advisors LP purchased a new stake in Tyco International during the first quarter worth about $175,365,000. Emerald Acquisition Ltd. purchased a new stake in Tyco International during the second quarter worth about $122,982,000. Sasco Capital Inc. CT purchased a new stake in Tyco International during the second quarter worth about $106,959,000. BlueMountain Capital Management LLC boosted its stake in Tyco International by 382.2% in the second quarter. BlueMountain Capital Management LLC now owns 3,026,206 shares of the company’s stock worth $133,940,000 after buying an additional 2,398,648 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Tyco International by 266.5% in the first quarter. JPMorgan Chase & Co. now owns 3,238,173 shares of the company’s stock worth $126,191,000 after buying an additional 2,354,616 shares in the last quarter. Institutional investors and hedge funds own 62.86% of the company’s stock.
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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