Todays Report: The Investors Capital Advisory Services invests in 373 by purchasing Tyco International Ltd. (JCI) shares

The Investors Capital Advisory Services invests in 373 by purchasing Tyco International Ltd. (JCI) shares

Investors Capital Advisory Services boosted its stake in Tyco International Ltd. (NYSE:JCI) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,351 shares of the company’s stock after buying an additional 373 shares during the period. Investors Capital Advisory Services’ holdings in Tyco International were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in Tyco International by 1,575.9% in the first quarter. Canada Pension Plan Investment Board now owns 78,900 shares of the company’s stock valued at $3,075,000 after buying an additional 74,192 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Tyco International by 133.6% in the first quarter. Loomis Sayles & Co. L P now owns 8,514 shares of the company’s stock valued at $332,000 after buying an additional 4,870 shares in the last quarter. Geode Capital Management LLC raised its stake 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 valued at $201,613,000 after buying an additional 146,467 shares in the last quarter. Simmons Bank purchased a new stake in Tyco International during the first quarter valued at about $311,000. Finally, Renaissance Technologies LLC raised its stake 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. Institutional investors and hedge funds own 63.02% of the company’s stock.

Shares of Tyco International Ltd. (NYSE:JCI) traded down 0.57% on Friday, hitting $43.76. 6,006,887 shares of the stock were exchanged. The company has a 50-day moving average price of $44.71 and a 200 day moving average price of $45.86. The company has a market cap of $27.91 billion, a PE ratio of 43.46 and a beta of 1.19. Tyco International Ltd. has a 12 month low of $31.73 and a 12 month high of $50.65.

Several brokerages recently commented on JCI. Credit Suisse Group AG reissued a “buy” rating on shares of Tyco International in a research note on Saturday, July 9th. TheStreet raised shares of Tyco International from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research raised shares of Tyco International from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, July 26th. RBC Capital Markets began coverage on shares of Tyco International in a research note on Tuesday, September 6th. They issued a “sector perform” rating and a $50.00 price objective for the company. Finally, Royal Bank Of Canada began coverage on shares of Tyco International in a research note on Tuesday, September 6th. They issued a “sector perform” rating and a $50.00 price objective for the company. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $49.58.

In related news, VP R Bruce Mcdonald sold 98,166 shares of the company’s 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 sale, the vice president now directly owns 100,766 shares in the company, valued at approximately $4,529,431.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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