Tyco International Ltd. (TYC) Reaches New 12-Month High at $46.13
Tyco International Ltd. (NYSE:TYC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $46.13 and last traded at $45.95, with a volume of 1,890,786 shares trading hands. The stock had previously closed at $45.58.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Tyco International from a “sell” rating to a “hold” rating and set a $49.00 price target for the company in a research report on Wednesday, July 13th. Credit Suisse Group AG restated a “hold” rating on shares of Tyco International in a research report on Saturday, July 9th. Royal Bank Of Canada lowered Tyco International from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $41.00 to $34.00 in a research report on Wednesday, June 1st. Buckingham Research assumed coverage on Tyco International in a research report on Wednesday, June 1st. They set a “neutral” rating for the company. Finally, Atlantic Securities upgraded Tyco International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $52.00 in a research report on Thursday, May 26th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.23.
The company has a market cap of $19.32 billion and a price-to-earnings ratio of 43.70. The firm’s 50-day moving average price is $43.21 and its 200 day moving average price is $38.24.
Tyco International (NYSE:TYC) last released its quarterly earnings data on Friday, July 29th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company earned $2.45 billion during the quarter, compared to the consensus estimate of $2.44 billion. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. On average, analysts predict that Tyco International Ltd. will post $2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.03%. This is an increase from Tyco International’s previous quarterly dividend of $0.21.
In related news, Director Edward D. Breen sold 206,770 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 1,463,454 shares in the company, valued at $54,572,199.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors have made changes to their positions in the company. Atlantic Trust Group LLC increased its stake in shares of Tyco International by 43.5% in the fourth quarter. Atlantic Trust Group LLC now owns 1,759,878 shares of the company’s stock valued at $56,122,000 after buying an additional 533,750 shares during the period. Foresters Investment Management Company Inc. increased its stake in shares of Tyco International by 1.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 507,075 shares of the company’s stock valued at $16,171,000 after buying an additional 6,600 shares during the period. Finally, Advantus Capital Management Inc increased 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.
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.