Tyco International Ltd. (TYC) Sets New 52-Week High at $45.68
Tyco International Ltd. (NYSE:TYC)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.68 and last traded at $45.15, with a volume of 5,295,729 shares changing hands. The stock had previously closed at $43.23.
Several equities analysts have recently issued reports on the company. Buckingham Research assumed coverage on Tyco International in a research report on Wednesday, June 1st. They set a “neutral” rating on the stock. Atlantic Securities upgraded Tyco International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $52.00 in a report on Thursday, May 26th. Zacks Investment Research cut Tyco International from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Credit Suisse Group AG restated a “hold” rating on shares of Tyco International in a report on Saturday, July 9th. Finally, Morgan Stanley lifted their target price on Tyco International from $41.00 to $44.00 in a report on Thursday, April 7th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Tyco International has a consensus rating of “Hold” and a consensus target price of $40.23.
The stock has a market capitalization of $19.47 billion and a PE ratio of 44.04. The stock’s 50 day moving average price is $42.96 and its 200-day moving average price is $37.81.
Tyco International (NYSE:TYC) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $0.55 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities analysts forecast that Tyco International Ltd. will post $2.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 5th will be issued 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 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, August 3rd.
In other news, Director Edward D. Breen sold 206,770 shares of the stock in a transaction 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 approximately $54,572,199.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several hedge funds and institutional investors recently bought and sold shares of the stock. LS Investment Advisors LLC increased its position in Tyco International by 146.8% in the fourth quarter. LS Investment Advisors LLC now owns 40,115 shares of the company’s stock worth $1,279,000 after buying an additional 23,862 shares during the period. Advantus Capital Management Inc increased its position in Tyco International by 3.1% in the fourth quarter. Advantus Capital Management Inc now owns 40,623 shares of the company’s stock worth $1,295,000 after buying an additional 1,226 shares during the period. Comerica Bank increased its position in Tyco International by 35.1% in the fourth quarter. Comerica Bank now owns 155,147 shares of the company’s stock worth $4,696,000 after buying an additional 40,311 shares during the period. Foresters Investment Management Company Inc. increased its position in Tyco International by 1.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 507,075 shares of the company’s stock worth $16,171,000 after buying an additional 6,600 shares during the period. Finally, Atlantic Trust Group LLC increased its position in Tyco International by 43.5% in the fourth quarter. Atlantic Trust Group LLC now owns 1,759,878 shares of the company’s stock worth $56,122,000 after buying an additional 533,750 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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