Tyco International Ltd. (JCI) Stake Cut by Canandaigua National Bank & Trust Co.
Canandaigua National Bank & Trust Co. cut its position in shares of Tyco International Ltd. (NYSE:JCI) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 54,807 shares of the company’s stock after selling 701 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Tyco International were worth $2,426,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in 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 in the last quarter. Franklin Resources Inc. raised its position in Tyco International by 4.3% in the first quarter. Franklin Resources Inc. now owns 13,313,944 shares of the company’s stock worth $518,844,000 after buying an additional 552,799 shares during the period. Institutional Capital LLC raised its position in 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 period. BlackRock Fund Advisors raised its position in 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 period. Finally, Geode Capital Management LLC raised its position in 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 period. Institutional investors and hedge funds own 93.93% of the company’s stock.
Shares of Tyco International Ltd. (NYSE:JCI) traded down 0.59% during trading on Tuesday, hitting $43.94. 7,665,793 shares of the company traded hands. Tyco International Ltd. has a 52 week low of $31.73 and a 52 week high of $50.65. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 43.63 and a beta of 1.11. The company has a 50 day moving average price of $47.95 and a 200 day moving average price of $44.92.
Tyco International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.07 EPS for the quarter, beating 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 analyst estimates of $9.62 billion. During the same quarter last year, the business earned $0.91 earnings per share. Tyco International’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts expect that Tyco International Ltd. will post $2.08 earnings per share for the current year.
JCI has been the subject of a number of recent analyst reports. 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. restated 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. Zacks Investment Research lowered shares of Tyco International from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. TheStreet lowered shares of Tyco International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Tyco International in a research report on Saturday, July 9th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $51.43.
In other Tyco International news, VP R Bruce Mcdonald sold 98,166 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the completion of the transaction, the vice president now owns 100,766 shares in the company, valued at $4,529,431.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.63% of the company’s stock.
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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