Tyco International’s (JCI) Market Perform Rating Reaffirmed at Wells Fargo & Co.
Several other equities research analysts also recently commented on the stock. RBC Capital Markets started coverage on shares of Tyco International in a research note on Tuesday, September 6th. They set a sector perform rating and a $50.00 price objective for the company. Zacks Investment Research downgraded shares of Tyco International from a buy rating to a hold rating in a research note on Monday, August 8th. Vetr upgraded shares of Tyco International from a buy rating to a strong-buy rating and set a $51.67 price objective for the company in a research note on Monday, September 12th. TheStreet upgraded shares of Tyco International from a hold rating to a buy rating in a research note on Thursday, July 21st. Finally, Macquarie upgraded shares of Tyco International from a neutral rating to an outperform rating and boosted their target price for the company from $43.00 to $55.00 in a research report on Thursday, September 8th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $50.73.
Shares of Tyco International (NYSE:JCI) traded down 2.20% on Wednesday, reaching $43.22. The company had a trading volume of 2,491,223 shares. The stock’s 50 day moving average is $46.07 and its 200 day moving average is $45.51. Tyco International has a 52 week low of $31.73 and a 52 week high of $50.65. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 42.92 and a beta of 1.19.
Tyco International (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.07 EPS 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 business earned $9.50 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Tyco International will post $3.52 EPS for the current year.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of the 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 approximately $4,529,431.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Southpoint Capital Advisors LP bought a new position in Tyco International during the first quarter worth approximately $175,365,000. Emerald Acquisition Ltd. bought a new position in Tyco International during the second quarter worth approximately $122,982,000. Sasco Capital Inc. CT bought a new position in Tyco International during the second quarter worth approximately $106,959,000. BlueMountain Capital Management LLC increased its position in Tyco International by 382.2% in the second quarter. BlueMountain Capital Management LLC now owns 3,026,206 shares of the company’s stock worth $133,940,000 after buying an additional 2,398,648 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Tyco International by 266.5% in the first quarter. JPMorgan Chase & Co. now owns 3,238,173 shares of the company’s stock worth $126,191,000 after buying an additional 2,354,616 shares during the period. 62.86% of the stock is currently owned by hedge funds and other institutional investors.
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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