Signaturefd LLC Has $115,000 Position in Tyco International Ltd. (JCI)
Signaturefd LLC raised its stake in Tyco International Ltd. (NYSE:JCI) by 13.7% during the second quarter, Holdings Channel reports. The firm owned 2,601 shares of the company’s stock after buying an additional 313 shares during the period. Signaturefd LLC’s holdings in Tyco International were worth $115,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Oakworth Capital Inc. raised its position in Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock valued at $108,000 after buying an additional 1,500 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in Tyco International during the second quarter valued at approximately $134,000. Financial Architects Inc raised its position in Tyco International by 84.4% in the second quarter. Financial Architects Inc now owns 3,868 shares of the company’s stock valued at $171,000 after buying an additional 1,770 shares in the last quarter. Guinness Asset Management Ltd purchased a new position in Tyco International during the second quarter valued at approximately $195,000. Finally, Founders Capital Management LLC raised its position in Tyco International by 0.8% in the second quarter. Founders Capital Management LLC now owns 4,417 shares of the company’s stock valued at $196,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 63.02% of the company’s stock.
Tyco International Ltd. (NYSE:JCI) traded up 0.66% on Tuesday, hitting $44.03. 6,023,589 shares of the company were exchanged. The company has a market capitalization of $28.08 billion, a price-to-earnings ratio of 43.72 and a beta of 1.19. The stock has a 50 day moving average of $45.68 and a 200 day moving average of $45.64. Tyco International Ltd. has a 52 week low of $31.73 and a 52 week high of $50.65.
Tyco International (NYSE:JCI) last announced its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The business had revenue of $9.50 billion for 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%. Tyco International’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Analysts predict that Tyco International Ltd. will post $3.52 EPS for the current fiscal year.
Several research firms have commented on JCI. Credit Suisse Group AG reissued a “buy” rating on shares of Tyco International in a report on Saturday, July 9th. Morgan Stanley set a $55.00 target price on shares of Tyco International and gave the company a “buy” rating in a report on Saturday, September 17th. TheStreet lowered shares of Tyco International from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Robert W. Baird reaffirmed a “buy” rating on shares of Tyco International in a report on Tuesday, June 28th. Finally, Atlantic Securities reaffirmed an “overweight” rating on shares of Tyco International in a report on Friday, September 9th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.11.
In related news, VP R Bruce Mcdonald sold 98,166 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total value of $4,412,561.70. Following the sale, the vice president now directly owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.
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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