Tyco International Ltd. (JCI) Stake Held by North Star Asset Management Inc.
North Star Asset Management Inc. maintained its stake in Tyco International Ltd. (NYSE:JCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,793 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Tyco International were worth $2,330,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in JCI. Atlas Brown Inc. increased its stake in Tyco International by 8.8% in the second quarter. Atlas Brown Inc. now owns 16,854 shares of the company’s stock worth $746,000 after buying an additional 1,370 shares during the period. Gluskin Sheff & Assoc Inc. bought a new position in shares of Tyco International during the second quarter valued at $7,264,000. Trillium Asset Management LLC boosted its position in shares of Tyco International by 0.5% in the second quarter. Trillium Asset Management LLC now owns 556,603 shares of the company’s stock valued at $24,636,000 after buying an additional 2,782 shares in the last quarter. Savant Capital LLC bought a new position in shares of Tyco International during the second quarter valued at $245,000. Finally, Compass Capital Management Inc. boosted its position in shares of Tyco International by 5.0% in the second quarter. Compass Capital Management Inc. now owns 464,819 shares of the company’s stock valued at $20,573,000 after buying an additional 22,209 shares in the last quarter. 62.86% of the stock is owned by hedge funds and other institutional investors.
Tyco International Ltd. (NYSE:JCI) traded down 0.62% during trading on Monday, reaching $45.01. The company’s stock had a trading volume of 2,440,786 shares. Tyco International Ltd. has a 52 week low of $31.73 and a 52 week high of $50.65. The company has a market capitalization of $28.70 billion, a PE ratio of 44.70 and a beta of 1.19. The company has a 50 day moving average price of $46.47 and a 200-day moving average price of $45.41.
Tyco International (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 earned $9.50 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts anticipate that Tyco International Ltd. will post $3.52 earnings per share for the current year.
JCI has been the subject of several recent research reports. Vetr upgraded Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price target for the company in a research report on Monday, September 12th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $52.00 price target (up from $51.00) on shares of Tyco International in a research report on Wednesday, September 7th. Zacks Investment Research cut Tyco International from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. TheStreet cut Tyco International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Tyco International in a research report on Saturday, July 9th. 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 company’s stock. Tyco International has an average rating of “Buy” and a consensus target price of $50.73.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the 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 of the company’s stock, valued at approximately $4,529,431.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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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