Sanford C. Bernstein initiated coverage on shares of Tyco International Ltd. (NYSE:JCI) in a report published on Friday. The brokerage issued an outperform rating and a $57.00 target price on the stock.

Analyst Recommendations for Tyco International (NYSE:JCI)

Other research analysts have also issued research reports about the stock. Credit Suisse Group AG reiterated a buy rating on shares of Tyco International in a research note on Saturday, July 9th. TheStreet lowered shares of Tyco International from a buy rating to a hold rating in a research note on Tuesday, September 6th. Robert W. Baird reiterated a buy rating on shares of Tyco International in a research note on Wednesday, June 15th. Morgan Stanley reiterated a buy rating on shares of Tyco International in a research note on Wednesday, June 15th. Finally, Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $50.00 price objective on shares of Tyco International in a research note on Tuesday, June 14th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $50.69.

Shares of Tyco International (NYSE:JCI) opened at 44.55 on Friday. The stock has a market cap of $28.41 billion, a P/E ratio of 44.24 and a beta of 1.11. Tyco International has a 1-year low of $31.73 and a 1-year high of $50.65. The company’s 50-day moving average is $47.63 and its 200 day moving average is $44.95.

Tyco International (NYSE:JCI) last released its quarterly earnings results 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 business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities research analysts anticipate that Tyco International will post $2.09 EPS for the current year.

In other news, VP R Bruce Mcdonald sold 98,166 shares of the stock in a transaction 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 transaction, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Evercore Wealth Management LLC boosted its position in shares of Tyco International by 52.5% in the second quarter. Evercore Wealth Management LLC now owns 3,075 shares of the company’s stock worth $136,000 after buying an additional 1,059 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Tyco International during the second quarter worth about $1,159,000. Kentucky Retirement Systems acquired a new position in shares of Tyco International during the second quarter worth about $2,440,000. Mason Street Advisors LLC acquired a new position in shares of Tyco International during the second quarter worth about $3,865,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Tyco International by 5.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 42,340 shares of the company’s stock worth $1,874,000 after buying an additional 2,369 shares in the last quarter. Institutional investors own 93.95% 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.

5 Day Chart for NYSE:JCI

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