Tyco International Ltd. (JCI) Position Raised by Compass Capital Management Inc.
Compass Capital Management Inc. boosted its position in shares of Tyco International Ltd. (NYSE:JCI) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 464,819 shares of the company’s stock after buying an additional 22,209 shares during the period. Tyco International accounts for about 3.9% of Compass Capital Management Inc.’s portfolio, making the stock its 11th largest position. Compass Capital Management Inc. owned 0.07% of Tyco International worth $20,573,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Tyco International by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,010,000 shares of the company’s stock worth $39,360,000 after buying an additional 96,200 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Tyco International during the first quarter worth approximately $175,365,000. Creative Planning increased its stake in shares of Tyco International by 8.2% in the second quarter. Creative Planning now owns 28,320 shares of the company’s stock worth $1,253,000 after buying an additional 2,149 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Tyco International by 0.3% in the second quarter. Retirement Systems of Alabama now owns 330,547 shares of the company’s stock worth $14,630,000 after buying an additional 1,144 shares during the last quarter. Finally, Genesee Valley Trust Co. increased its stake in shares of Tyco International by 32.1% in the second quarter. Genesee Valley Trust Co. now owns 11,377 shares of the company’s stock worth $504,000 after buying an additional 2,764 shares during the last quarter. Hedge funds and other institutional investors own 62.79% of the company’s stock.
Shares of Tyco International Ltd. (NYSE:JCI) traded down 0.226% during mid-day trading on Monday, hitting $46.425. 3,952,609 shares of the stock traded hands. The stock has a 50-day moving average of $46.86 and a 200-day moving average of $45.20. Tyco International Ltd. has a 52 week low of $31.73 and a 52 week high of $50.65. The company has a market cap of $29.61 billion, a price-to-earnings ratio of 46.102 and a beta of 1.19.
Tyco International (NYSE:JCI) last released its earnings results on Thursday, July 21st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.03 by $0.04. The business 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 business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. Analysts anticipate that Tyco International Ltd. will post $3.46 EPS for the current year.
A number of equities research analysts have recently issued reports on JCI shares. Atlantic Securities reiterated an “overweight” rating on shares of Tyco International in a research report on Friday, September 9th. Sanford C. Bernstein started coverage on shares of Tyco International in a research report on Friday, September 16th. They set an “outperform” rating and a $57.00 price target for the company. Vetr upgraded 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 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. Finally, Robert W. Baird reiterated a “buy” rating on shares of Tyco International in a research report on Tuesday, June 28th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.73.
In related news, VP R Bruce Mcdonald sold 98,166 shares of the company’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 completion of the sale, the vice president now owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate 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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