Tyco International Ltd. (TYC) Shares Gap Up to $45.01
Tyco International Ltd. (NYSE:TYC) shares gapped up prior to trading on Friday . The stock had previously closed at $44.70, but opened at $45.01. Tyco International shares last traded at $45.77, with a volume of 3,258,889 shares.
Several research analysts have recently issued reports on TYC shares. Zacks Investment Research downgraded shares of Tyco International from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Atlantic Securities upgraded shares of Tyco International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $52.00 in a research note on Thursday, May 26th. Buckingham Research started coverage on shares of Tyco International in a research note on Wednesday, June 1st. They issued a “neutral” rating on the stock. Royal Bank Of Canada downgraded shares of Tyco International from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $41.00 to $34.00 in a research note on Wednesday, June 1st. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Tyco International in a research note on Saturday, July 9th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.23.
The firm has a 50-day moving average price of $46.63 and a 200-day moving average price of $42.25. The stock has a market capitalization of $19.43 billion and a price-to-earnings ratio of 37.07.
Tyco International (NYSE:TYC) last released its quarterly earnings results on Friday, July 29th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. During the same quarter in the prior year, the business posted $0.59 earnings per share. The firm earned $2.45 billion during the quarter, compared to the consensus estimate of $2.44 billion. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Tyco International Ltd. will post $2.05 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Wednesday, August 3rd. This is a positive change from Tyco International’s previous quarterly dividend of $0.21.
In other 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 value of $15,715,113.60. Following the sale, the director now directly owns 1,835,739 shares in the company, valued at approximately $81,506,811.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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