Tyco International Ltd. (TYC) Stock Price Up 2%
Tyco International Ltd. (NYSE:TYC) rose 2% during mid-day 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 traded. The stock had previously closed at $43.68.
TYC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Tyco International from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Atlantic Securities raised shares of Tyco International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $52.00 in a report on Thursday, May 26th. Buckingham Research initiated coverage on shares of Tyco International in a report on Wednesday, June 1st. They issued a “neutral” rating on the stock. Royal Bank Of Canada lowered shares of Tyco International from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $41.00 to $34.00 in a report on Wednesday, June 1st. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Tyco International in a report on Saturday, July 9th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.23.
The stock has a market capitalization of $19.18 billion and a price-to-earnings ratio of 36.59. The stock has a 50-day moving average of $44.48 and a 200 day moving average of $40.29.
Tyco International (NYSE:TYC) last announced its earnings results on Friday, July 29th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm earned $2.45 billion during the quarter, compared to analysts’ expectations of $2.44 billion. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. Equities analysts predict that Tyco International Ltd. will post $2.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 5th were paid a $0.23 dividend. This is a positive change from Tyco International’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, August 3rd.
In other news, Director Edward D. Breen sold 353,944 shares of the stock in a transaction on 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 owns 1,835,739 shares of the company’s stock, valued at $81,506,811.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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.