Tyco International Ltd. (TYC) Sets New 12-Month High at $46.13
Tyco International Ltd. (NYSE:TYC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $46.13 and last traded at $45.95, with a volume of 1,890,786 shares. The stock had previously closed at $45.58.
A number of research firms recently weighed in on TYC. Buckingham Research increased their price objective on shares of Tyco International from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, May 2nd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Tyco International in a research report on Saturday, July 9th. Royal Bank Of Canada lowered shares of Tyco International from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $41.00 to $34.00 in a report on Wednesday, June 1st. Atlantic Securities upgraded shares of Tyco International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $52.00 in a report on Thursday, May 26th. Finally, Zacks Investment Research upgraded shares of Tyco International from a “sell” rating to a “hold” rating and set a $49.00 target price on the stock in a report on Wednesday, July 13th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.23.
The company’s 50-day moving average price is $43.08 and its 200-day moving average price is $38.13. The company has a market cap of $19.50 billion and a PE ratio of 44.115.
Tyco International (NYSE:TYC) last released its earnings results on Friday, April 29th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The company earned $2.33 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Tyco International’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts predict that Tyco International Ltd. will post $2.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $0.92 annualized dividend and a yield of 2.02%. This is an increase from Tyco International’s previous quarterly dividend of $0.21.
In other Tyco International news, Director Edward D. Breen sold 206,770 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $37.29, for a total transaction of $7,710,453.30. Following the completion of the sale, the director now directly owns 1,463,454 shares in the company, valued at $54,572,199.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
A number of large investors have added to or reduced their stakes in TYC. Advantus Capital Management Inc increased its stake in Tyco International by 3.1% in the fourth quarter. Advantus Capital Management Inc now owns 40,623 shares of the company’s stock valued at $1,295,000 after buying an additional 1,226 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in Tyco International by 1.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 507,075 shares of the company’s stock valued at $16,171,000 after buying an additional 6,600 shares in the last quarter. LS Investment Advisors LLC increased its stake in Tyco International by 146.8% in the fourth quarter. LS Investment Advisors LLC now owns 40,115 shares of the company’s stock valued at $1,279,000 after buying an additional 23,862 shares in the last quarter. Finally, Atlantic Trust Group LLC increased its stake in Tyco International by 43.5% in the fourth quarter. Atlantic Trust Group LLC now owns 1,759,878 shares of the company’s stock valued at $56,122,000 after buying an additional 533,750 shares in the last quarter.
Tyco International Ltd. (Tyco) is a diversified company, which provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products. It operates in five segments: ADT Worldwide, Flow Control, Fire Protection Services, Electrical and Metal Products, and Safety Products.
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