Tyco International Ltd. (JCI) Short Interest Update
Tyco International Ltd. (NYSE:JCI) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 6,244,034 shares, a decline of 44.1% from the September 15th total of 11,167,770 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 7,077,788 shares, the days-to-cover ratio is currently 0.9 days.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of Tyco International stock in a transaction 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 transaction, the vice president now owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Tyco International by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,010,000 shares of the company’s stock valued at $39,360,000 after buying an additional 96,200 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in Tyco International during the first quarter valued at about $175,365,000. Retirement Systems of Alabama boosted its position in Tyco International by 0.3% in the second quarter. Retirement Systems of Alabama now owns 330,547 shares of the company’s stock valued at $14,630,000 after buying an additional 1,144 shares in the last quarter. Compass Capital Management Inc. boosted its position in Tyco International by 5.0% in the second quarter. Compass Capital Management Inc. now owns 464,819 shares of the company’s stock valued at $20,573,000 after buying an additional 22,209 shares in the last quarter. Finally, Genesee Valley Trust Co. boosted its position in Tyco International by 32.1% in the second quarter. Genesee Valley Trust Co. now owns 11,377 shares of the company’s stock valued at $504,000 after buying an additional 2,764 shares in the last quarter. Institutional investors and hedge funds own 63.02% of the company’s stock.
JCI has been the subject of a number of research reports. RBC Capital Markets initiated coverage on shares of Tyco International in a report on Tuesday, September 6th. They issued 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 report on Monday, August 8th. Vetr raised 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 report on Monday, September 12th. Macquarie raised shares of Tyco International from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $55.00 in a report on Thursday, September 8th. Finally, TheStreet raised shares of Tyco International from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.91.
Tyco International (NYSE:JCI) opened at 43.74 on Tuesday. The firm’s 50-day moving average price is $45.68 and its 200 day moving average price is $45.64. The stock has a market cap of $27.89 billion, a PE ratio of 43.44 and a beta of 1.19. Tyco International has a 1-year low of $31.73 and a 1-year high of $50.65.
Tyco International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Tyco International had a return on equity of 20.59% and a net margin of 5.45%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. Equities research analysts expect that Tyco International will post $3.52 EPS for the current year.
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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