Tyco International Ltd. (JCI) Stock Rating Reaffirmed by Wells Fargo & Co.
Several other research analysts have also weighed in 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 price objective on shares of Tyco International and gave the stock 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 reissued a buy rating on shares of Tyco International in a report on Tuesday, June 28th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and set a $50.00 price objective on shares of Tyco International in a report on Tuesday, June 14th. 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 has an average rating of Buy and a consensus price target of $50.11.
Tyco International (NYSE:JCI) opened at 43.74 on Wednesday. Tyco International has a 12-month low of $31.73 and a 12-month high of $50.65. The company’s 50-day moving average is $45.68 and its 200 day moving average is $45.64. The stock has a market capitalization of $27.89 billion, a PE ratio of 43.44 and a beta of 1.19.
Tyco International (NYSE:JCI) last announced 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. The company earned $9.50 billion during the quarter, compared to analyst estimates of $9.62 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, analysts predict that Tyco International will post $3.52 EPS for the current year.
In related news, VP R Bruce Mcdonald sold 98,166 shares of the business’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 in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its stake in Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock worth $108,000 after buying an additional 1,500 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its stake in Tyco International by 5,138.8% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,567 shares of the company’s stock worth $114,000 after buying an additional 2,518 shares during the last quarter. Signaturefd LLC increased its stake in Tyco International by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock worth $115,000 after buying an additional 313 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Tyco International by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 2,742 shares of the company’s stock worth $121,000 after buying an additional 20 shares during the last quarter. Finally, Cribstone Capital Management LLC acquired a new stake in Tyco International during the second quarter worth approximately $134,000. Institutional investors and hedge funds own 63.02% 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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