Insider Buying: Michael E. Daniels Buys 48,816 Shares of Tyco International Stock (TYC)
Tyco International (NYSE:TYC) Director Michael E. Daniels bought 48,816 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $41.00 per share, for a total transaction of $2,001,456.00. Following the purchase, the director now directly owns 60,675 shares in the company, valued at approximately $2,487,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tyco International in a research note on Monday, April 28th. They now have a $43.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Tyco International in a research note on Friday, April 25th. They now have a $47.00 price target on the stock. Finally, analysts at Credit Agricole initiated coverage on shares of Tyco International in a research note on Thursday, April 17th. They set an “outperform” rating and a $48.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.17.
Shares of Tyco International (NYSE:TYC) traded up 0.34% on Thursday, hitting $41.18. 1,830,532 shares of the company’s stock traded hands. Tyco International has a one year low of $31.70 and a one year high of $44.10. The stock has a 50-day moving average of $41.6 and a 200-day moving average of $40.19. The company has a market cap of $18.995 billion and a price-to-earnings ratio of 24.69.
Tyco International (NYSE:TYC) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company posted $0.42 earnings per share. Tyco International’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Tyco International will post $1.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.75%.
Tyco International Ltd. (NYSE:TYC) is a diversified company, which provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products.
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