Narwhal Capital Management Continues to Hold Stake in Tyco International Ltd. (JCI)
Narwhal Capital Management held its position in Tyco International Ltd. (NYSE:JCI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,600 shares of the company’s stock at the end of the second quarter. Narwhal Capital Management’s holdings in Tyco International were worth $558,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Virginia Retirement System acquired a new stake in shares of Tyco International during the first quarter valued at approximately $409,000. Community Bank & Trust Waco Texas increased its stake in shares of Tyco International by 16.9% in the first quarter. Community Bank & Trust Waco Texas now owns 25,045 shares of the company’s stock valued at $976,000 after buying an additional 3,615 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Tyco International during the first quarter valued at approximately $554,000. Aperio Group LLC increased its stake in shares of Tyco International by 12.3% in the first quarter. Aperio Group LLC now owns 311,043 shares of the company’s stock valued at $12,121,000 after buying an additional 34,036 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in shares of Tyco International by 16.6% in the first quarter. Commonwealth Equity Services Inc now owns 148,940 shares of the company’s stock valued at $5,804,000 after buying an additional 21,182 shares during the last quarter. 93.95% of the stock is currently owned by institutional investors.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 1.39% during midday trading on Wednesday, reaching $44.55. 8,083,251 shares of the company’s stock traded hands. The firm has a market cap of $28.41 billion, a PE ratio of 44.24 and a beta of 1.11. Tyco International Ltd. has a 12 month low of $31.73 and a 12 month high of $50.65. The stock has a 50-day moving average price of $47.68 and a 200 day moving average price of $44.95.
Tyco International (NYSE:JCI) last posted its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Tyco International Ltd. will post $2.09 earnings per share for the current year.
Several analysts recently commented on the company. Zacks Investment Research raised Tyco International from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, June 21st. Credit Suisse Group AG upgraded Tyco International from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $45.00 to $50.00 in a report on Tuesday, May 24th. TheStreet upgraded Tyco International from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Royal Bank Of Canada initiated coverage on Tyco International in a report on Tuesday, September 6th. They set a “sector perform” rating and a $50.00 target price for the company. Finally, Robert W. Baird reiterated a “buy” rating on shares of Tyco International in a report on Tuesday, June 28th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Tyco International presently has a consensus rating of “Buy” and a consensus price target of $51.43.
In related news, VP R Bruce Mcdonald sold 98,166 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate 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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