Smithfield Trust Co. Increases Position in Tyco International Ltd. (JCI)
Smithfield Trust Co. increased its position in shares of Tyco International Ltd. (NYSE:JCI) by 11.3% during the second quarter, Holdings Channel reports. The institutional investor owned 7,090 shares of the company’s stock after buying an additional 720 shares during the period. Smithfield Trust Co.’s holdings in Tyco International were worth $314,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of JCI. State Street Corp raised 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 worth $1,030,019,000 after buying an additional 191,922 shares in the last quarter. Geode Capital Management LLC raised 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 worth $201,613,000 after buying an additional 146,467 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Tyco International during the first quarter worth $175,365,000. Artemis Investment Management LLP raised its stake in shares of Tyco International by 109.0% in the second quarter. Artemis Investment Management LLP now owns 4,164,069 shares of the company’s stock worth $184,281,000 after buying an additional 2,171,588 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Tyco International by 3.6% in the first quarter. Legal & General Group Plc now owns 3,001,343 shares of the company’s stock worth $116,956,000 after buying an additional 103,352 shares in the last quarter. 63.02% of the stock is owned by institutional investors and hedge funds.
Shares of Tyco International Ltd. (NYSE:JCI) traded up 0.011% during midday trading on Monday, reaching $43.885. 7,463,911 shares of the company’s stock traded hands. The stock has a 50 day moving average of $45.80 and a 200-day moving average of $45.53. The stock has a market cap of $27.99 billion, a P/E ratio of 43.580 and a beta of 1.19. 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 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 net margin of 5.45% and a return on equity of 20.59%. The company earned $9.50 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Tyco International’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Tyco International Ltd. will post $3.52 EPS for the current fiscal year.
JCI has been the subject of a number of research reports. Vetr raised shares of Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price target for the company in a report on Monday, September 12th. Oppenheimer Holdings Inc. reissued 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. Zacks Investment Research lowered shares of Tyco International from a “buy” rating to a “hold” rating in a report on Monday, August 8th. TheStreet lowered shares of 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. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.91.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the 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 in the company, valued at $4,529,431.70. The transaction was disclosed in a filing with the SEC, which is available at this link. 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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