Tyco International Ltd. (TYC) Trading Up 2%
Tyco International Ltd. (NYSE:TYC)’s share price was up 2% during trading on Thursday . The company traded as high as $44.59 and last traded at $44.54, with a volume of 1,766,545 shares trading hands. The stock had previously closed at $43.68.
A number of equities analysts have recently commented on TYC shares. Zacks Investment Research raised 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 report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Tyco International in a research report on Saturday, July 9th. Buckingham Research initiated coverage on shares of Tyco International in a research report on Wednesday, June 1st. They set a “neutral” rating on the stock. Atlantic Securities raised shares of Tyco International from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $52.00 in a research report on Thursday, May 26th. Finally, Royal Bank Of Canada lowered 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 report on Wednesday, June 1st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.23.
The stock has a market cap of $19.43 billion and a P/E ratio of 37.07. The company’s 50 day moving average is $46.63 and its 200 day moving average is $42.25.
Tyco International (NYSE:TYC) last released its quarterly earnings data on Friday, July 29th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The company earned $2.45 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the company posted $0.59 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts expect that Tyco International Ltd. will post $2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 5th were issued a $0.23 dividend. This is an increase from Tyco International’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Wednesday, August 3rd.
In other news, Director Edward D. Breen sold 353,944 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 SEC, which is available at 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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