Tyco International Ltd. (NYSE:TYC) shares dropped 2.5% during trading on Wednesday . The company traded as low as $43.85 and last traded at $43.97, with a volume of 2,784,648 shares changing hands. The stock had previously closed at $45.12.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Tyco International from a “sell” rating to a “hold” rating and set a $49.00 price target on the stock in a research note on Wednesday, July 13th. Credit Suisse Group AG reiterated a “hold” rating on shares of Tyco International in a research note on Saturday, July 9th. Buckingham Research boosted their price target on shares of Tyco International from $38.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, May 2nd. Atlantic Securities upgraded shares of Tyco International from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $52.00 in a research note on Thursday, May 26th. Finally, Royal Bank Of Canada lowered shares of Tyco International from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $41.00 to $34.00 in a research note on Wednesday, June 1st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.23.

The company’s 50-day moving average is $44.34 and its 200 day moving average is $39.97. The company has a market cap of $18.81 billion and a P/E ratio of 35.87.

Tyco International (NYSE:TYC) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business earned $2.45 billion during the quarter, compared to analysts’ expectations of $2.44 billion. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Equities research analysts anticipate that Tyco International Ltd. will post $2.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.09%. This is an increase from Tyco International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, August 3rd.

In other news, Director Edward D. Breen sold 353,944 shares of Tyco International stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $44.40, for a total value of $15,715,113.60. Following the transaction, the director now directly owns 1,835,739 shares of the company’s stock, valued at approximately $81,506,811.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

An institutional investor recently raised its position in Tyco International stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Tyco International Ltd. (NYSE:TYC) by 26.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,900 shares of the company’s stock after buying an additional 22,200 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tyco International were worth $3,345,000 at the end of the most recent 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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