Investors Sell Shares of Tyco International Ltd. (TYC) on Strength (TYC)
Traders sold shares of Tyco International Ltd. (NYSE:TYC) on strength during trading hours on Thursday. $13.96 million flowed into the stock on the tick-up and $31.60 million flowed out of the stock on the tick-down, for a money net flow of $17.64 million out of the stock. Of all stocks tracked, Tyco International had the 0th highest net out-flow for the day. Tyco International traded up $0.17 for the day and closed at $41.73
A number of brokerages have commented on TYC. Buckingham Research began coverage on Tyco International in a research report on Wednesday, June 1st. They issued a “neutral” rating for the company. Atlantic Securities upgraded Tyco International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $52.00 in a research report on Thursday, May 26th. Zacks Investment Research downgraded Tyco International from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Morgan Stanley raised their target price on Tyco International from $41.00 to $44.00 in a research report on Thursday, April 7th. Finally, Royal Bank Of Canada downgraded Tyco International from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $41.00 to $34.00 in a research report on Wednesday, June 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Tyco International has a consensus rating of “Hold” and an average price target of $39.62.
The stock has a market capitalization of $17.76 billion and a P/E ratio of 40.16. The company’s 50 day moving average is $42.57 and its 200-day moving average is $36.97.
Tyco International (NYSE:TYC) last posted its earnings results on Friday, April 29th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm earned $2.33 billion during the quarter, compared to analyst estimates of $2.34 billion. Tyco International’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. Equities analysts predict that Tyco International Ltd. will post $2.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Friday, July 22nd will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, July 20th.
In other news, Director Edward D. Breen sold 206,770 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $37.29, for a total value of $7,710,453.30. Following the transaction, the director now owns 1,463,454 shares of the company’s stock, valued at $54,572,199.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Other large investors recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of 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 during the period. Advantus Capital Management Inc boosted its stake in shares of 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 during the period. World Asset Management Inc boosted its stake in shares of Tyco International by 3.1% in the fourth quarter. World Asset Management Inc now owns 46,602 shares of the company’s stock valued at $1,487,000 after buying an additional 1,414 shares during the period. Comerica Bank boosted its stake in shares of Tyco International by 35.1% in the fourth quarter. Comerica Bank now owns 155,147 shares of the company’s stock valued at $4,696,000 after buying an additional 40,311 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Tyco International by 14.9% in the fourth quarter. Nationwide Fund Advisors now owns 376,757 shares of the company’s stock valued at $12,015,000 after buying an additional 48,976 shares during the period.
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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