ADT (NYSE:ADT) Stock Rating Upgraded by Barclays

Barclays upgraded shares of ADT (NYSE:ADT - Free Report) from an underweight rating to an equal weight rating in a research note issued to investors on Friday morning, Marketbeat reports. Barclays currently has $9.00 target price on the security and automation business' stock, up from their prior target price of $7.00.

A number of other equities analysts have also commented on ADT. Morgan Stanley lifted their price target on shares of ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th.

ADT Trading Up 4.0 %

Shares of ADT stock traded up $0.31 on Friday, hitting $7.85. The stock had a trading volume of 12,267,705 shares, compared to its average volume of 7,347,417. The stock has a 50 day moving average of $7.72 and a 200 day moving average of $7.42. The firm has a market capitalization of $6.88 billion, a P/E ratio of 8.53 and a beta of 1.42. ADT has a twelve month low of $6.10 and a twelve month high of $8.39. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

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ADT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were issued a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.80%. ADT's payout ratio is currently 41.51%.

Institutional Trading of ADT

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after purchasing an additional 1,543,677 shares during the period. BNP Paribas Financial Markets raised its stake in ADT by 911.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business's stock worth $1,416,000 after buying an additional 176,454 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in ADT by 13.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock worth $36,341,000 after acquiring an additional 609,842 shares in the last quarter. JPMorgan Chase & Co. grew its stake in ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock valued at $3,505,000 after acquiring an additional 100,134 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of ADT by 46.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after acquiring an additional 41,682 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Company Profile

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.