Trading Report: Today, Tyco International Ltd. (JCI) Earns “Market Perform” Rating from Wells Fargo & Co.

Today, Tyco International Ltd. (JCI) Earns “Market Perform” Rating from Wells Fargo & Co.

Wells Fargo & Co. reaffirmed their market perform rating on shares of Tyco International Ltd. (NYSE:JCI) in a research report sent to investors on Wednesday.

JCI has been the subject of several other research reports. Atlantic Securities reaffirmed an overweight rating on shares of Tyco International in a research report on Friday, September 9th. 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 research report on Monday, September 12th. Sanford C. Bernstein started coverage on shares of Tyco International in a research report on Friday, September 16th. They issued an outperform rating and a $57.00 price target for the company. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $52.00 price target (up previously from $51.00) on shares of Tyco International in a research report on Wednesday, September 7th. Finally, Cowen and Company started coverage on shares of Tyco International in a research report on Wednesday, September 28th. They issued an outperform rating for the company. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Tyco International presently has a consensus rating of Buy and a consensus target price of $49.91.

Shares of Tyco International (NYSE:JCI) opened at 43.88 on Wednesday. Tyco International has a one year low of $31.73 and a one year high of $50.65. The company has a 50-day moving average of $45.80 and a 200 day moving average of $45.53. The stock has a market cap of $27.98 billion, a PE ratio of 43.57 and a beta of 1.19.

Tyco International (NYSE:JCI) last released its quarterly earnings data 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 company earned $9.50 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. On average, analysts predict that Tyco International will post $3.52 earnings per share for the current year.

In other 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 value of $4,412,561.70. Following the sale, the vice president now directly owns 100,766 shares of the company’s stock, valued at approximately $4,529,431.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in JCI. Renaissance Technologies LLC increased its stake in shares of Tyco International by 10.5% in the first quarter. Renaissance Technologies LLC now owns 1,010,000 shares of the company’s stock worth $39,360,000 after buying an additional 96,200 shares during the period. Southpoint Capital Advisors LP purchased a new stake in shares of Tyco International during the first quarter worth about $175,365,000. Retirement Systems of Alabama increased its stake in shares of Tyco International by 0.3% in the second quarter. Retirement Systems of Alabama now owns 330,547 shares of the company’s stock worth $14,630,000 after buying an additional 1,144 shares during the period. Compass Capital Management Inc. increased its stake in shares of Tyco International by 5.0% in the second quarter. Compass Capital Management Inc. now owns 464,819 shares of the company’s stock worth $20,573,000 after buying an additional 22,209 shares during the period. Finally, Genesee Valley Trust Co. increased its stake in shares of Tyco International by 32.1% in the second quarter. Genesee Valley Trust Co. now owns 11,377 shares of the company’s stock worth $504,000 after buying an additional 2,764 shares during the period. 63.02% of the stock is currently owned by hedge funds and other institutional investors.

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