Retirement Systems of Alabama Purchases 1,144 Shares of Tyco International Ltd. (JCI)
Retirement Systems of Alabama boosted its stake in Tyco International Ltd. (NYSE:JCI) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 330,547 shares of the company’s stock after buying an additional 1,144 shares during the period. Retirement Systems of Alabama’s holdings in Tyco International were worth $14,630,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of JCI. State Street Corp boosted its stake in shares of Tyco International by 0.7% in the first quarter. State Street Corp now owns 26,431,033 shares of the company’s stock valued at $1,030,019,000 after buying an additional 191,922 shares during the period. Institutional Capital LLC boosted its stake in shares of Tyco International by 3.9% in the first quarter. Institutional Capital LLC now owns 8,569,385 shares of the company’s stock valued at $333,949,000 after buying an additional 322,906 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Tyco International by 0.4% in the first quarter. BlackRock Fund Advisors now owns 7,214,832 shares of the company’s stock valued at $281,162,000 after buying an additional 30,650 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tyco International by 2.9% in the first quarter. Geode Capital Management LLC now owns 5,184,206 shares of the company’s stock valued at $201,613,000 after buying an additional 146,467 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Tyco International during the first quarter valued at about $175,365,000. 93.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 1.35% during mid-day trading on Friday, hitting $46.53. The stock had a trading volume of 6,368,994 shares. The firm has a market cap of $29.67 billion, a PE ratio of 46.21 and a beta of 1.11. The stock’s 50-day moving average is $46.86 and its 200 day moving average is $45.20. Tyco International Ltd. has a 12 month low of $31.73 and a 12 month high of $50.65.
Tyco International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The business earned $9.50 billion during the quarter, compared to the consensus estimate of $9.62 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Equities research analysts predict that Tyco International Ltd. will post $3.46 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on JCI shares. Vetr raised Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price objective on the stock in a research note on Monday, September 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $52.00 price objective (up from $51.00) on shares of Tyco International in a research note on Wednesday, September 7th. Zacks Investment Research cut Tyco International from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. TheStreet cut Tyco International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Tyco International in a research note on Saturday, July 9th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.69.
In other news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the completion of the sale, the vice president now directly owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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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