Tyco International Ltd. (TYC) - NYSE
  • Tue, Jan. 26, 3:17 AM
    • Johnson Controls (NYSE:JCI) is set to become the latest American company to move abroad in search of tax savings after it merges with Tyco (NYSE:TYC) and takes on its Irish tax address.
    • The deal is at least the 12th inversion since the U.S. Department of the Treasury moved to curb the tax-reducing deals in September 2014 - roughly the same number in the 16 months before the legislation.
    • According to S&P Capital IQ, Tyco paid 12% of its profit in taxes over the past three years vs. an average of 29% by Johnson Controls.
    • Previously: Johnson Controls and Tyco announce merger (Jan. 25 2016)
    | Tue, Jan. 26, 3:17 AM | 3 Comments
  • Mon, Jan. 25, 9:14 AM
    | Mon, Jan. 25, 9:14 AM | 5 Comments
  • Sun, Jan. 24, 1:08 PM
    | Sun, Jan. 24, 1:08 PM | 38 Comments
  • Dec. 22, 2015, 10:01 AM
    • Tyco (TYC +1.2%) announces it acquired ShopperTrak for ~$175M in cash.
    • ShopperTrak is a leading provider of data to the retail industry.
    • The acquisition is expected to bolster Tyco's ability to offer analytical services to customers.
    • The company sees the addition of ShopperTrak being neutral to earnings for the first year. EPS guidance from Tyco remains intact.
    | Dec. 22, 2015, 10:01 AM
  • Dec. 8, 2015, 9:03 AM
    • Tyco (NYSE:TYC) declares $0.205/share quarterly dividend, in line with previous.
    • Forward yield 2.42%
    • Payable Feb. 17; for shareholders of record Jan. 22; ex-div Jan. 20.
    | Dec. 8, 2015, 9:03 AM
  • Dec. 4, 2015, 7:48 AM
    • Tyco International (NYSE:TYC) agrees to sell its fire detection and protection business in Australia to Evergreen Capital for an unspecified amount.
    • TYC also says it is making an additional investment in a joint venture based in the United Arab Emirates with local partner Suwaidi Engineering Group, and expects the Tyco UAE venture to add ~$130M in sales to its Rest of World Integrated Solutions and Services segment.
    • Reaffirms FY 2016 EPS guidance of $2.05-$2.20 vs. $2.12 analyst consensus estimate, and Q1 EPS guidance of $0.40 vs. $0.41 consensus.
    | Dec. 4, 2015, 7:48 AM
  • Nov. 20, 2015, 11:30 AM
    • Market growth remains challenging whether there is an industrial recession or not, so investors should focus on stocks with strong end markets, particularly Allegion (ALLE +0.3%) and Danaher (DHR +0.5%), Bernstein's Steven Winoker says.
    • Other stocks in a lower but still generally favorable tier include General Electric (GE +0.8%), Honeywell (HON +0.9%), Ingersoll-Rand (IR +0.9%) and 3M (MMM +0.7%), as these companies are exposed to favorable end markets but also to meaningfully weak markets, the analyst says.
    • Aside from their portfolio transformations, DHR and GE have benefited and should continue to benefit from their above-average growth profiles in the current low-growth environment, Winoker says.
    • Energy-heavy Dover (DOV +0.2%), Pentair (PNR +0.4%) and Emerson Electric (EMR +0.2%) remain the most challenged, according to Winoker, while Eaton (ETN +1.1%), Rockwell Automation (ROK +0.5%) and Tyco (TYC -0.2%) have a mix of tailwinds and headwinds, with the former more challenged on hydraulics/trucks and the latter two on energy.
    • Winoker sees limited downside for DOV, which is highly linked to crude oil prices but is performing well in the ~80% of its portfolio not linked to oil.
    • Earlier: Low expectations are no longer enough for multi-industry stocks, analyst says (Nov. 19)
    | Nov. 20, 2015, 11:30 AM | 3 Comments
  • Nov. 19, 2015, 6:25 PM
    • A sluggish U.S. economy is likely to make life tough next year for industry conglomerates such as Danaher (NYSE:DHR), Honeywell (NYSE:HON), Tyco (NYSE:TYC), Emerson Electric (NYSE:EMR) and General Electric (NYSE:GE), says Bernstein's Steven Winoker.
    • The analyst notes that Q3 saw 12 of Bernstein's 13 covered companies miss on revenues, 10 either lower FY 2015 EPS guidance or issue below-consensus FY 2016 guidance, and none raise growth guidance, yet 10 stocks outperformed during earnings season.
    • The companies "can’t transform their way out of the reality of a low growth world, which became even more challenging this quarter, with an indication of the worst still to come," Winoker writes, expecting guidance conservatism from the group during investor meetings before the end of the year.
    • Also: MMM, ROK, IR, ETN, ALE, IEX
    | Nov. 19, 2015, 6:25 PM | 16 Comments
  • Nov. 13, 2015, 6:57 AM
    • Tyco (NYSE:TYC) reports organic revenue fell 1% in FQ4
    • Acquisition contributed 2 percentage point of growth in the quarter.
    • Segment revenue: North America Installation & Services: $1.01B (flat); Rest of World Installation & Services: $827M (-18%); Global Products: $666M (-2%).
    • Segment operating income: North America Installation & Services: $180M (+460 bps to 17.8%); Rest of World Installation & Services: $90M (-90 bps to 10.9%); Global Products: $124M (-60 bps to 18.6%).
    • Adjusted operating margin rate increased 150 bps to 15.7%.
    • FQ1 Guidance: Adjusted EPS: ~$0.40.
    • FY2016 Guidance: Adjusted EPS: $2.05 to $2.20 (+12% to +13%).
    | Nov. 13, 2015, 6:57 AM
  • Nov. 13, 2015, 6:03 AM
    • Tyco (NYSE:TYC): FQ4 EPS of $0.61 in-line.
    • Revenue of $2.51B (-7.0% Y/Y) misses by $40M.
    | Nov. 13, 2015, 6:03 AM
  • Nov. 12, 2015, 5:30 PM
  • Oct. 5, 2015, 6:47 PM
    • Barclays maintains a Neutral rating on the U.S. multi-industry sector due to a weaker emerging market outlook, higher emerging market foreign exchange risk and slower export markets, but initiates the firm's largest estimate cut since 2008 by downgrading five names within the sector.
    • The firm cuts Eaton (NYSE:ETN), Rockwell Automation (NYSE:ROK), Rexnord (NYSE:RXN) and Tyco International (NYSE:TYC) to Equal Weight from Overweight, and downgrades Colfax (NYSE:CFX) to Underweight from Equal Weight.
    • However, Barclays upgrades ADT Corp. (NYSE:ADT) to Equal Weight from Underweight, as the stock seems low enough to be considered fairly valued after a tough couple of years, and ADT's exposures to U.S. housing are "comfortable" vs. peers; the firm says its changed view on ADT is not a bullish upgrade, with long-term concerns related to rising technology threats such as home automation.
    | Oct. 5, 2015, 6:47 PM | 4 Comments
  • Sep. 3, 2015, 9:12 AM
    • Tyco (NYSE:TYC) declares $0.205/share quarterly dividend, in line with previous.
    • Forward yield 2.28%
    • Payable Nov. 12; for shareholders of record Oct. 23; ex-div Oct. 21.
    | Sep. 3, 2015, 9:12 AM
  • Jul. 31, 2015, 6:49 AM
    • Tyco (NYSE:TYC) reports organic revenue fell 1% whereas acquisition contributed growth of 2% in FQ3.
    • Segment revenue: North America Installation & Services: $972M (flat); Rest of World Installation & Services: $842M (-16%); Global Products: $675M (-3%).
    • Segment operating income: North America Installation & Services: $157M (+240 bps to 16.2%); Rest of World Installation & Services: $93M (-30 bps to 11%); Global Products: $119M (-260 bps to 17.6%).
    • Adjsuted operating income rate grew 40 bps to 12.8%.
    • FQ4 Guidance: Adjusted EPS: $0.60 to $0.62 (+7% to +11%).
    • FY2015 Guidance: Adjusted EPS: $2.23 to $2.25 (+12% to +13%).
    | Jul. 31, 2015, 6:49 AM
  • Jul. 31, 2015, 6:02 AM
    • Tyco (NYSE:TYC): FQ3 EPS of $0.59 beats by $0.03.
    • Revenue of $2.49B (-6.4% Y/Y) misses by $30M.
    | Jul. 31, 2015, 6:02 AM
  • Jul. 30, 2015, 5:30 PM
    | Jul. 30, 2015, 5:30 PM | 4 Comments
Company Description
Tyco International Plc provides security products and services, fire detection and suppression products and services and life safety products. The company's portfolio of products and services are sold under brand names such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex,... More
Sector: Services
Industry: Security & Protection Services
Country: Switzerland