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Chairman and CEO of Tyco International Edward D. Breen Sells 152,000 Shares

July 15, 2011 | About:
Chairman and CEO of Tyco International Ltd. (TYC) Edward D. Breen sold 152,358 shares on 07/13/2011 at an average price of $48.7. The total transaction amount was $7,419,835. Tyco International Ltd., a diversified manufacturing and service company, is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems, the world's largest manufacturer, installer, and provider of fire protection systems and electronic security services, has strong leadership positions in disposable medical products, plastics, and adhesives, and is the largest manufacturer of flow control valves. Tyco International Ltd. has a market cap of $22.53 billion; its shares were traded at around $48.04 with a P/E ratio of 16.3 and P/S ratio of 1.3. The dividend yield of Tyco International Ltd. stocks is 2%.

Edward Breen has been consistently selling off shares of Tyco International, since March 2011, every time selling 152,358 shares. Since 2002, he has been the Chairman and Chief Executive Officer of Tyco International. He was also Executive Vice President and President and CEO of Motorola before his days at Tyco, and serves as a director of Comcast Corporation.

Joel Greenblatt bought 9,987 shares in the quarter that ended on 03/31/2011, which is 0.13% of the $333 million portfolio of Gotham Capital. Ron Baron bought 126,095 shares in the quarter that ended on 03/31/2011, which is 0.03% of the $18.46 billion portfolio of Baron Funds. James Barrow bought 65,600 shares in the quarter that ended on 03/31/2011, which is 0.01% of the $49.52 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Jean-Marie Eveillard owns 463,100 shares as of 03/31/2011, an increase of 30773.3% from the previous quarter. This position accounts for 0.1% of the $19.9 billion portfolio of First Eagle Investment Management, LLC.

Director R. David Yost bought 5,000 shares of TYC stock on 02/01/2011 at the average price of 45.21. R David Yost owns at least 23,127 shares after this. The price of the stock has increased by 6.26% since. SVP, Human Resources Laurie Siegel sold 5,540 shares of TYC stock on 07/05/2011 at the average price of 49.45. Laurie Siegel owns at least 36,619 shares after this. The price of the stock has decreased by 2.85% since. Other insiders have also decreased their positions in the company.

Tyco International recently reported $0.67 in diluted earnings per share (EPS) from continuing operations for the fiscal second quarter of 2011 and diluted EPS from continuing operations before special items of $0.73 per share. Excluding the Electrical & Metal Products business, which is now reported as an equity investment, revenue in the quarter of $4.0 billion increased 6% versus the prior year with organic revenue growth of 3%.

Tyco Chairman and Chief Executive Officer Ed Breen said, "The 26% increase in earnings per share we delivered in the second quarter was driven by a stronger operating margin and continued improvement in our end markets. We are encouraged by the order trends in our late- cycle businesses and we expect these trends will help fuel our growth as we finish this fiscal year and enter 2012.”

“During the quarter, we also took steps to strengthen our competitive position in Tyco’s core platforms by announcing the acquisitions of a leading security provider serving the Australia and New Zealand markets and a majority interest in a fully-integrated valve manufacturing business in the Middle East.”

Tyco Internatioanal has a predictability rating of 1 star.

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