Starfire Investment Advisers Inc. Has $1,371,000 Stake in Tyco International Ltd. (JCI)
Starfire Investment Advisers Inc. continued to hold its stake in shares of Tyco International Ltd. (NYSE:JCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,978 shares of the company’s stock at the end of the second quarter. Tyco International comprises 0.9% of Starfire Investment Advisers Inc.’s portfolio, making the stock its 29th largest position. Starfire Investment Advisers Inc.’s holdings in Tyco International were worth $1,371,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of JCI. Acadian Asset Management LLC boosted its stake 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 worth $335,000 after buying an additional 3,758 shares during the period. Virginia Retirement System acquired a new position in shares of Tyco International during the first quarter worth $409,000. Ngam Advisors L.P. raised its position in shares of Tyco International by 10.9% in the first quarter. Ngam Advisors L.P. now owns 125,603 shares of the company’s stock worth $4,895,000 after buying an additional 12,383 shares in the last quarter. BlackRock Fund Advisors raised its position 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 worth $281,162,000 after buying an additional 30,650 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Tyco International by 266.5% in the first quarter. JPMorgan Chase & Co. now owns 3,238,173 shares of the company’s stock worth $126,191,000 after buying an additional 2,354,616 shares in the last quarter. 62.79% of the stock is currently owned by institutional investors and hedge funds.
Tyco International Ltd. (NYSE:JCI) traded down 0.79% on Friday, hitting $45.29. The stock had a trading volume of 3,850,950 shares. The stock’s 50-day moving average is $46.59 and its 200 day moving average is $45.37. Tyco International Ltd. has a 1-year low of $31.73 and a 1-year high of $50.65. The firm has a market capitalization of $28.88 billion, a price-to-earnings ratio of 44.98 and a beta of 1.19.
Tyco International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share 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 company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts predict that Tyco International Ltd. will post $3.52 earnings per share for the current fiscal year.
A number of brokerages have weighed in on JCI. Cowen and Company initiated coverage on Tyco International in a research note on Wednesday, September 28th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Tyco International from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, June 21st. Credit Suisse Group AG reiterated an “outperform” rating and set a $52.00 price objective on shares of Tyco International in a research report on Tuesday, August 23rd. TheStreet upgraded Tyco International from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Finally, Royal Bank Of Canada initiated coverage on Tyco International in a research report on Tuesday, September 6th. They set a “sector perform” rating and a $50.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Tyco International has a consensus rating of “Buy” and a consensus target price of $50.73.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the company’s 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 transaction, the vice president now owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company 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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