Huntington National Bank lowered its position in Tyco International Ltd. (NYSE:JCI) by 51.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,294 shares of the company’s stock after selling 46,375 shares during the period. Huntington National Bank’s holdings in Tyco International were worth $1,916,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of Tyco International by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,010,000 shares of the company’s stock worth $39,360,000 after buying an additional 96,200 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Tyco International during the first quarter worth about $175,365,000. Retirement Systems of Alabama boosted its position in shares of Tyco International by 0.3% in the second quarter. Retirement Systems of Alabama now owns 330,547 shares of the company’s stock worth $14,630,000 after buying an additional 1,144 shares during the last quarter. Genesee Valley Trust Co. boosted its position in shares of Tyco International by 32.1% in the second quarter. Genesee Valley Trust Co. now owns 11,377 shares of the company’s stock worth $504,000 after buying an additional 2,764 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Tyco International by 8.2% in the second quarter. Creative Planning now owns 28,320 shares of the company’s stock worth $1,253,000 after buying an additional 2,149 shares during the last quarter. Institutional investors own 62.86% of the company’s stock.
Tyco International Ltd. (NYSE:JCI) traded up 0.90% during mid-day trading on Friday, hitting $43.88. 5,328,612 shares of the company were exchanged. The company has a market cap of $27.98 billion, a price-to-earnings ratio of 43.57 and a beta of 1.19. Tyco International Ltd. has a 12-month low of $31.73 and a 12-month high of $50.65. The stock’s 50 day moving average is $45.80 and its 200-day moving average is $45.53.
Tyco International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. The company earned $9.50 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Tyco International had a return on equity of 20.59% and a net margin of 5.45%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Equities research analysts predict that Tyco International Ltd. will post $3.52 EPS for the current year.
JCI has been the subject of a number of research reports. Atlantic Securities restated an “overweight” rating on shares of Tyco International in a research report on Friday, September 9th. Wells Fargo & Co. reissued a “market perform” rating on shares of Tyco International in a research report on Wednesday. Vetr raised shares of Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price objective for the company in a research report on Monday, September 12th. Sanford C. Bernstein started coverage on shares of Tyco International in a research report on Friday, September 16th. They issued an “outperform” rating and a $57.00 price objective for the company. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Tyco International in a research report on Wednesday, September 7th. Eight equities 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 currently has an average rating of “Buy” and a consensus target price of $49.91.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction 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 completion of the transaction, the vice president now directly owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.
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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