Tyco International Ltd. (NYSE:TYC) Receives $40.88 Consensus Price Target from Analysts
Tyco International Ltd. (NYSE:TYC) has been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the firm. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.88.
Several brokerages have commented on TYC. Zacks Investment Research upgraded shares of Tyco International from a “sell” rating to a “hold” rating and set a $49.00 target price on the stock in a research report on Wednesday, July 13th. Credit Suisse Group AG reiterated a “hold” rating on shares of Tyco International in a research report on Saturday, July 9th.
In other news, Director Edward D. Breen sold 353,944 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $44.40, for a total transaction of $15,715,113.60. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of TYC. State Street Corp increased its position in Tyco International by 1.1% in the first quarter. State Street Corp now owns 16,191,168 shares of the company’s stock worth $594,383,000 after buying an additional 172,130 shares in the last quarter. Davis Selected Advisers increased its position in Tyco International by 2.1% in the second quarter. Davis Selected Advisers now owns 7,379,394 shares of the company’s stock worth $314,362,000 after buying an additional 152,488 shares in the last quarter. Westchester Capital Management LLC increased its position in Tyco International by 665.3% in the second quarter. Westchester Capital Management LLC now owns 4,861,373 shares of the company’s stock worth $207,094,000 after buying an additional 4,226,173 shares in the last quarter. Geode Capital Management LLC increased its position in Tyco International by 2.5% in the first quarter. Geode Capital Management LLC now owns 3,378,362 shares of the company’s stock worth $123,764,000 after buying an additional 82,709 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Tyco International by 2.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,030,021 shares of the company’s stock worth $43,880,000 after buying an additional 20,813 shares in the last quarter. 89.97% of the stock is owned by institutional investors.
Tyco International (NYSE:TYC) opened at 45.59 on Tuesday. Tyco International has a 52-week low of $28.94 and a 52-week high of $46.19. The firm’s 50-day moving average is $44.69 and its 200-day moving average is $40.50.
Tyco International (NYSE:TYC) last issued its earnings results on Friday, July 29th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.44 billion. Tyco International had a net margin of 5.45% and a return on equity of 20.59%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. On average, equities research analysts forecast that Tyco International will post $2.05 EPS for the current fiscal year.
About Tyco International
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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