Tyco International Ltd. (JCI) Stake Held by Seaward Management Limited Partnership
Seaward Management Limited Partnership held its position in Tyco International Ltd. (NYSE:JCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,300 shares of the company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Tyco International were worth $455,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. boosted its position in shares of Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock worth $108,000 after buying an additional 1,500 shares during the last quarter. Cribstone Capital Management LLC purchased a new position in shares of Tyco International during the second quarter worth approximately $134,000. Financial Architects Inc boosted its position in shares of Tyco International by 84.4% in the second quarter. Financial Architects Inc now owns 3,868 shares of the company’s stock worth $171,000 after buying an additional 1,770 shares during the last quarter. Guinness Asset Management Ltd purchased a new position in shares of Tyco International during the second quarter worth approximately $195,000. Finally, Founders Capital Management LLC boosted its position in shares of Tyco International by 0.8% in the second quarter. Founders Capital Management LLC now owns 4,417 shares of the company’s stock worth $196,000 after buying an additional 33 shares during the last quarter. 93.95% of the stock is owned by institutional investors.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 0.92% during mid-day trading on Thursday, hitting $44.96. The stock had a trading volume of 4,841,285 shares. The stock has a market cap of $28.67 billion, a P/E ratio of 44.65 and a beta of 1.11. The company’s 50 day moving average price is $47.51 and its 200 day moving average price is $44.95. Tyco International Ltd. has a 12-month low of $31.73 and a 12-month high of $50.65.
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, topping the Thomson Reuters’ 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 the consensus estimate of $9.62 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Tyco International Ltd. will post $2.09 EPS for the current fiscal year.
JCI has been the subject of a number of research analyst reports. Vetr raised Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 target price for the company in a report on Monday, September 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $52.00 target price (up previously from $51.00) on shares of Tyco International in a report on Wednesday, September 7th. Zacks Investment Research cut Tyco International from a “buy” rating to a “hold” rating in a report on Monday, August 8th. TheStreet cut Tyco International from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Tyco International in a report on Saturday, July 9th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Tyco International presently has a consensus rating of “Buy” and a consensus target price of $50.69.
In related news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International 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 completion of the transaction, the vice president now directly owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% 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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