ADT (NYSE:ADT) Sets New 1-Year High – What’s Next?

by · The Cerbat Gem

Shares of ADT Inc. (NYSE:ADT – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $8.39 and last traded at $8.38, with a volume of 15745288 shares trading hands. The stock had previously closed at $8.16.

Analyst Upgrades and Downgrades

ADT has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price target on shares of ADT in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $7.00 to $9.00 in a report on Friday.

Get Our Latest Analysis on ADT

ADT Trading Down 1.2 %

The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The company has a market capitalization of $6.99 billion, a PE ratio of 8.67 and a beta of 1.58. The stock has a fifty day moving average of $7.71 and a 200 day moving average of $7.41.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, March 13th. ADT’s dividend payout ratio (DPR) is presently 41.51%.

Hedge Funds Weigh In On ADT

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in ADT by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after purchasing an additional 1,343 shares in the last quarter. Atria Investments Inc lifted its position in shares of ADT by 9.9% in the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business’s stock worth $104,000 after buying an additional 1,358 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business’s stock worth $73,000 after buying an additional 1,449 shares in the last quarter. Highland Capital Management LLC boosted its stake in ADT by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock valued at $204,000 after buying an additional 1,810 shares during the last quarter. Finally, State of Wyoming grew its holdings in ADT by 5.0% during the 4th quarter. State of Wyoming now owns 43,661 shares of the security and automation business’s stock valued at $302,000 after buying an additional 2,092 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Company Profile

(Get Free Report)

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.

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