Sequoia Financial Advisors LLC bought a new position in shares of Tyco International Ltd. (NYSE:JCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,311 shares of the company’s stock, valued at approximately $279,000.
A number of other large investors have also recently modified their holdings of the stock. Southpoint Capital Advisors LP purchased a new stake in shares of Tyco International during the first quarter worth approximately $175,365,000. Miller Howard Investments Inc. NY purchased a new stake in shares of Tyco International during the second quarter worth approximately $98,815,000. Artemis Investment Management LLP raised its stake in shares of Tyco International by 109.0% in the second quarter. Artemis Investment Management LLP now owns 4,164,069 shares of the company’s stock worth $184,281,000 after buying an additional 2,171,588 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Tyco International during the second quarter worth approximately $73,017,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Tyco International during the second quarter worth approximately $39,776,000. Hedge funds and other institutional investors own 63.02% of the company’s stock.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 0.93% during mid-day trading on Wednesday, hitting $44.38. The company’s stock had a trading volume of 4,714,125 shares. The company has a market cap of $28.30 billion, a PE ratio of 44.07 and a beta of 1.19. The stock has a 50-day moving average of $45.55 and a 200-day moving average of $45.66. Tyco International Ltd. has a 12-month low of $31.73 and a 12-month high of $50.65.
JCI has been the topic of several recent research reports. RBC Capital Markets initiated coverage on Tyco International in a research report on Tuesday, September 6th. They issued a “sector perform” rating and a $50.00 price objective on the stock. Zacks Investment Research lowered Tyco International from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Vetr upgraded Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price objective on the stock in a research report on Monday, September 12th. Macquarie upgraded Tyco International from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $55.00 in a research report on Thursday, September 8th. Finally, TheStreet upgraded Tyco International from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Tyco International has a consensus rating of “Buy” and a consensus target price of $50.11.
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 value of $4,412,561.70. Following the transaction, the vice president now owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by 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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