Tyco International (NYSE:TYC) announced a quarterly dividend on Thursday, December 5th, AnalystRatings.Net reports. Investors of record on Friday, January 24th will be paid a dividend of 0.16 per share on Wednesday, February 19th. This represents a $0.64 annualized dividend and a dividend yield of 1.72%.
TYC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Tyco International in a research note to investors on Tuesday, November 19th. They now have a $39.00 price target on the stock. On the ratings front, analysts at Morgan Stanley raised their price target on shares of Tyco International from $40.00 to $42.00 in a research note to investors on Friday, November 15th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Tyco International from $37.00 to $38.00 in a research note to investors on Friday, November 15th. They now have a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.40.
Shares of Tyco International (NYSE:TYC) opened at 37.25 on Friday. Tyco International has a 52-week low of $28.33 and a 52-week high of $38.77. The stock’s 50-day moving average is $36.9 and its 200-day moving average is $34.99. The company has a market cap of $17.333 billion and a P/E ratio of 32.70.
Tyco International (NYSE:TYC) last announced its earnings results on Thursday, November 14th. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company posted $0.33 earnings per share. Tyco International’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Tyco International will post $2.14 earnings per share for the current fiscal year.
In other Tyco International news, SVP Sam Eldessouky sold 10,209 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $38.08, for a total value of $388,758.72. Following the completion of the sale, the senior vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $492,831. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Tyco International Ltd is a Switzerland-based holding company of Tyco Group. The Tyco Group (NYSE:TYC) is a diversifies, global provider of diversified products ranging from electronic security and alarm monitoring to fire-fighting equipment and breathing apparatus, water purification and flow control solutions.
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