Retirement Systems of Alabama Purchases 1,144 Shares of Tyco International Ltd. (JCI)
Retirement Systems of Alabama boosted its position in shares of Tyco International Ltd. (NYSE:JCI) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,547 shares of the company’s stock after buying an additional 1,144 shares during the period. Retirement Systems of Alabama owned 0.05% of Tyco International worth $14,630,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. 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 during the last quarter. Institutional Capital LLC raised its stake in shares of Tyco International by 3.9% in the first quarter. Institutional Capital LLC now owns 8,569,385 shares of the company’s stock worth $333,949,000 after buying an additional 322,906 shares during the last quarter. BlackRock Fund Advisors raised its stake 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 during 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 during the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Tyco International during the first quarter worth approximately $175,365,000. 93.95% of the stock is currently owned by hedge funds and other institutional investors.
Tyco International Ltd. (NYSE:JCI) traded up 1.35% during midday trading on Friday, reaching $46.53. The company’s stock had a trading volume of 6,368,994 shares. The company’s 50-day moving average is $46.86 and its 200 day moving average is $45.20. Tyco International Ltd. has a 12-month low of $31.73 and a 12-month high of $50.65. The firm has a market cap of $29.67 billion, a price-to-earnings ratio of 46.21 and a beta of 1.11.
Tyco International (NYSE:JCI) last issued its earnings results on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) 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 firm 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 business’s revenue was down 1.0% compared to the same quarter last year. Equities analysts forecast that Tyco International Ltd. will post $3.46 earnings per share for the current year.
JCI has been the topic of a number of recent analyst reports. Vetr raised Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price objective on the stock in a research note on Monday, September 12th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $52.00 price objective (up previously from $51.00) on shares of Tyco International in a report on Wednesday, September 7th. Zacks Investment Research downgraded Tyco International from a “buy” rating to a “hold” rating in a report on Monday, August 8th. TheStreet downgraded Tyco International from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Tyco International in a report on Saturday, July 9th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.69.
In other news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction dated Tuesday, August 23rd. The stock was 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. 0.63% of the stock is owned by insiders.
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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