ADT Inc. (NYSE:ADT - Get Free Report) shares saw an uptick in trading volume on Friday after the company announced a dividend. 9,515,544 shares changed hands during mid-day trading, an increase of 40% from the previous session's volume of 6,795,666 shares.The stock last traded at $8.37 and had previously closed at $8.12.
The newly announced dividend which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.88%. ADT's dividend payout ratio (DPR) is 41.51%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on ADT shares. Morgan Stanley lifted their target price on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th.
View Our Latest Analysis on ADT
ADT Stock Down 0.7 %
The firm's 50 day simple moving average is $7.35 and its 200 day simple moving average is $7.31. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 8.30 and a beta of 1.50. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.
Institutional Trading of ADT
Hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new stake in shares of ADT during the fourth quarter valued at about $36,000. Headlands Technologies LLC acquired a new position in ADT during the 4th quarter valued at about $62,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ADT during the 4th quarter worth about $73,000. Magnetar Financial LLC acquired a new stake in shares of ADT in the 4th quarter worth approximately $73,000. Finally, Federated Hermes Inc. boosted its holdings 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 valued at $73,000 after acquiring an additional 1,449 shares in the last quarter. Institutional investors own 87.22% of the company's stock.
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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