Tyco International Ltd. (TYC) Sees Unusually-High Trading Volume
Tyco International Ltd. (NYSE:TYC) saw unusually-strong trading volume on Tuesday . Approximately 3,455,745 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 3,100,156 shares.The stock last traded at $44.22 and had previously closed at $44.28.
A number of equities analysts have issued reports on TYC shares. Zacks Investment Research upgraded shares of Tyco International from a “sell” rating to a “hold” rating and set a $49.00 price objective on the stock in a research report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Tyco International in a research note on Saturday, July 9th. Buckingham Research lifted their target price on shares of Tyco International from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, May 2nd. Atlantic Securities raised shares of Tyco International from a “neutral” rating to an “overweight” rating and lifted their target price for the company 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 target price for the company from $41.00 to $34.00 in a research note on Wednesday, June 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.23.
The stock has a market cap of $18.75 billion and a PE ratio of 35.77. The stock has a 50-day moving average of $44.47 and a 200 day moving average of $40.27.
Tyco International (NYSE:TYC) last posted its earnings results on Friday, July 29th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. During the same period last year, the business posted $0.59 EPS. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.44 billion. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts forecast that Tyco International Ltd. will post $2.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 5th were given a dividend of $0.23 per share. This is an increase from Tyco International’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, August 3rd.
In other Tyco International news, Director Edward D. Breen sold 353,944 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $44.40, for a total transaction of $15,715,113.60. Following the transaction, the director now owns 1,835,739 shares of the company’s stock, valued at approximately $81,506,811.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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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