Tyco International Ltd. (NYSE:JCI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Johnson Controls’ merger with Tyco has created a leading global multi-industrial company named Johnson Controls International plc. The combined company is expected to generate revenues of $30 billion annually. Johnson Controls expects market expansion, acquisitions and strategic contracts to improve its performance and boost earnings. However, currency headwinds and stiff competition are some concerns. Johnson Controls’ earnings estimates have inched down lately, albeit still significantly higher than 30 days ago. The company has a mostly positive record of earnings surprises in recent quarters.”

JCI has been the subject of a number of other research reports. Atlantic Securities reissued 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 objective for the company in a research report on Monday, September 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $52.00 price objective (up previously from $51.00) on shares of Tyco International in a research report on Wednesday, September 7th. Sanford C. Bernstein initiated coverage on shares of Tyco International in a research report on Friday. They set an “outperform” rating and a $57.00 price objective for the company. Finally, Robert W. Baird reissued a “buy” rating on shares of Tyco International in a research report on Tuesday, June 28th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.43.

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Shares of Tyco International (NYSE:JCI) traded down 0.45% during midday trading on Tuesday, hitting $44.00. The company had a trading volume of 3,785,130 shares. The stock has a 50 day moving average price of $47.95 and a 200 day moving average price of $44.92. Tyco International has a 1-year low of $31.73 and a 1-year high of $50.65. The firm has a market capitalization of $28.06 billion, a P/E ratio of 43.69 and a beta of 1.11.

Tyco International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.07 earnings per share (EPS) 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 firm earned $9.50 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Tyco International will post $2.08 EPS for the current fiscal year.

In other Tyco International 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 value of $4,412,561.70. Following the transaction, the vice president now directly owns 100,766 shares in the company, valued at approximately $4,529,431.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Southpoint Capital Advisors LP acquired a new position in Tyco International during the first quarter worth about $175,365,000. Emerald Acquisition Ltd. acquired a new position in Tyco International during the second quarter worth about $122,982,000. Sasco Capital Inc. CT acquired a new position in Tyco International during the second quarter worth about $106,959,000. BlueMountain Capital Management LLC increased its position in 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Tyco International by 266.5% in the first quarter. JPMorgan Chase & Co. now owns 3,238,173 shares of the company’s stock worth $126,191,000 after buying an additional 2,354,616 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

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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