ADT (NYSE:ADT) Reaches New 12-Month High After Dividend Announcement

ADT Inc. (NYSE:ADT - Get Free Report) shares reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as $8.33 and last traded at $8.03, with a volume of 3015696 shares. The stock had previously closed at $7.53.

The newly announced dividend which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.86%. ADT's dividend payout ratio (DPR) is presently 41.51%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADT. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley upped their target price on shares of ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th.

ADT Stock Down 6.0 %

The firm has a 50 day moving average price of $7.33 and a 200-day moving average price of $7.31. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 8.37 and a beta of 1.50. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of ADT by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business's stock worth $1,245,000 after buying an additional 1,343 shares during the last quarter. Atria Investments Inc lifted its stake in shares of ADT by 9.9% in the 4th quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after purchasing an additional 1,358 shares during the period. Federated Hermes Inc. lifted its stake in shares of ADT by 15.8% in the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares during the period. Highland Capital Management LLC lifted its stake in shares of ADT by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock valued at $204,000 after purchasing an additional 1,810 shares during the period. Finally, State of Wyoming boosted its position in shares of ADT by 5.0% in the 4th quarter. State of Wyoming now owns 43,661 shares of the security and automation business's stock worth $302,000 after purchasing an additional 2,092 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

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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.