Tyco International Ltd. (NYSE:JCI) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The firm presently has a $51.67 price target on the stock. Vetr‘s target price would indicate a potential upside of 15.98% from the company’s current price.
A number of other research analysts have also weighed in on JCI. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $50.00 price objective on shares of Tyco International in a research note on Friday, May 20th. Credit Suisse Group AG upgraded shares of Tyco International from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $45.00 to $50.00 in a research note on Tuesday, May 24th. Morgan Stanley reiterated a “buy” rating on shares of Tyco International in a research note on Wednesday, June 15th. Robert W. Baird reiterated a “buy” rating on shares of Tyco International in a research note on Wednesday, June 15th. Finally, Zacks Investment Research upgraded shares of Tyco International from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, June 21st. Seven 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 company. The company currently has a consensus rating of “Buy” and a consensus target price of $51.43.
Shares of Tyco International (NYSE:JCI) traded up 0.61% on Monday, hitting $44.55. The stock had a trading volume of 8,395,746 shares. Tyco International has a 1-year low of $31.73 and a 1-year high of $50.65. The firm has a 50-day moving average of $48.59 and a 200 day moving average of $44.77. The company has a market capitalization of $28.41 billion, a PE ratio of 44.24 and a beta of 1.11.
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Tyco International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $0.91 EPS. Tyco International’s revenue was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Tyco International will post $2.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, August 3rd. Tyco International’s dividend payout ratio (DPR) is 74.54%.
In other news, VP R Bruce Mcdonald sold 98,166 shares of the company’s stock in a transaction dated 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 directly owns 100,766 shares of the company’s stock, valued at $4,529,431.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Oakworth Capital Inc. increased its position in shares of Tyco International by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock valued at $108,000 after buying an additional 1,500 shares during the period. Pinkerton Retirement Specialists LLC boosted its position in shares of Tyco International by 5,138.8% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,567 shares of the company’s stock valued at $114,000 after buying an additional 2,518 shares in the last quarter. Signaturefd LLC boosted its position in shares of Tyco International by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock valued at $115,000 after buying an additional 313 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Tyco International by 0.7% in the second quarter. Chicago Partners Investment Group LLC now owns 2,742 shares of the company’s stock valued at $121,000 after buying an additional 20 shares in the last quarter. Finally, Cribstone Capital Management LLC bought a new position in shares of Tyco International during the second quarter valued at about $134,000. 93.93% of the stock is 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.
To view Vetr’s full report, visit Vetr’s official website.
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