Webster Bank N. A. Sells 14,162 Shares of Tyco International Ltd. (JCI)
Webster Bank N. A. decreased its position in Tyco International Ltd. (NYSE:JCI) by 15.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 77,439 shares of the company’s stock after selling 14,162 shares during the period. Webster Bank N. A.’s holdings in Tyco International were worth $3,603,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of JCI. Emerald Acquisition Ltd. bought a new stake in shares of Tyco International during the second quarter worth about $122,982,000. Sasco Capital Inc. CT bought a new stake in shares of Tyco International during the second quarter worth about $106,959,000. BlueMountain Capital Management LLC boosted its stake in shares of 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. Miller Howard Investments Inc. NY bought a new stake in shares of Tyco International during the second quarter worth about $98,815,000. Finally, Artemis Investment Management LLP boosted its stake in shares of Tyco International by 109.0% in the second quarter. Artemis Investment Management LLP now owns 4,164,069 shares of the company’s stock worth $184,281,000 after buying an additional 2,171,588 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyco International Ltd. (NYSE:JCI) traded down 0.88% on Wednesday, reaching $44.98. The company’s stock had a trading volume of 4,012,877 shares. Tyco International Ltd. has a one year low of $28.94 and a one year high of $48.97. The firm’s market capitalization is $42.09 billion. The firm has a 50-day moving average price of $43.83 and a 200 day moving average price of $43.92.
Tyco International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.20. Tyco International had a positive return on equity of 15.76% and a negative net margin of 4.09%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.64 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, analysts anticipate that Tyco International Ltd. will post $2.73 earnings per share for the current fiscal year.
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JCI has been the topic of several recent analyst reports. RBC Capital Markets initiated coverage on Tyco International in a report on Tuesday, September 6th. They issued a “sector perform” rating and a $50.00 price target on the stock. Zacks Investment Research cut Tyco International from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Vetr raised Tyco International from a “buy” rating to a “strong-buy” rating and set a $51.67 price target on the stock in a report on Monday, September 12th. Macquarie raised Tyco International from a “neutral” rating to an “outperform” rating and raised their price target for the company from $43.00 to $55.00 in a report on Thursday, September 8th. Finally, Royal Bank Of Canada initiated coverage on Tyco International in a report on Tuesday, September 6th. They issued a “sector perform” rating and a $50.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.76.
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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