Candriam Luxembourg S.C.A. Has $1,750,000 Stake in Tyco International Ltd. (JCI)
Candriam Luxembourg S.C.A. cut its stake in Tyco International Ltd. (NYSE:JCI) by 73.4% during the second quarter, Holdings Channel reports. The institutional investor owned 39,530 shares of the company’s stock after selling 109,188 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Tyco International were worth $1,750,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of JCI. Acadian Asset Management LLC boosted its position in shares of Tyco International by 77.7% in the first quarter. Acadian Asset Management LLC now owns 8,595 shares of the company’s stock valued at $335,000 after buying an additional 3,758 shares in the last quarter. Virginia Retirement System bought a new stake in Tyco International during the first quarter valued at $409,000. IFP Advisors Inc boosted its stake in Tyco International by 62.6% in the first quarter. IFP Advisors Inc now owns 12,187 shares of the company’s stock valued at $475,000 after buying an additional 4,691 shares during the period. Ngam Advisors L.P. boosted its stake in Tyco International by 10.9% in the first quarter. Ngam Advisors L.P. now owns 125,603 shares of the company’s stock valued at $4,895,000 after buying an additional 12,383 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Tyco International by 2.1% in the first quarter. Prudential Financial Inc. now owns 1,215,232 shares of the company’s stock valued at $47,357,000 after buying an additional 24,940 shares during the period. Hedge funds and other institutional investors own 62.79% of the company’s stock.
Tyco International Ltd. (NYSE:JCI) traded down 0.41% during midday trading on Monday, hitting $46.34. The company’s stock had a trading volume of 4,764,789 shares. The company’s 50-day moving average is $46.81 and its 200 day moving average is $45.33. The company has a market cap of $29.55 billion, a price-to-earnings ratio of 46.02 and a beta of 1.19. Tyco International Ltd. has a one year low of $31.73 and a one year high of $50.65.
Tyco International (NYSE:JCI) last released its quarterly earnings data 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. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. Tyco International had a return on equity of 20.59% and a net margin of 5.45%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, analysts predict that Tyco International Ltd. will post $3.46 EPS for the current year.
Several analysts recently weighed in on the stock. Morgan Stanley set a $55.00 price target on shares of Tyco International and gave the company a “buy” rating in a report on Tuesday, September 6th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $52.00 price target (up previously from $51.00) on shares of Tyco International in a report on Wednesday, September 7th. Atlantic Securities reiterated an “overweight” rating on shares of Tyco International in a report on Friday, September 9th. TheStreet cut shares of Tyco International from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, Macquarie upgraded shares of Tyco International from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $55.00 in a report on Thursday, September 8th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $50.73.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction 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 sale, the vice president now owns 100,766 shares in the company, valued at $4,529,431.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.
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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