ADT (NYSE:ADT) PT Raised to $9.00

ADT (NYSE:ADT - Free Report) had its target price raised by Royal Bank of Canada from $8.00 to $9.00 in a research report report published on Friday, Benzinga reports. The firm currently has a sector perform rating on the security and automation business' stock.

Separately, The Goldman Sachs Group increased their target price on ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a research report on Friday.

ADT Trading Down 3.2 %

Shares of ADT stock traded down $0.26 during mid-day trading on Friday, hitting $7.88. 14,795,969 shares of the company's stock were exchanged, compared to its average volume of 5,099,404. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $8.25. The stock has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $7.16. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 11.26 and a beta of 1.53.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the firm earned $0.07 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Equities analysts expect that ADT will post 0.62 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, December 12th. ADT's dividend payout ratio (DPR) is presently 31.43%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in shares of ADT by 31.4% during the first quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business's stock worth $8,703,000 after acquiring an additional 310,406 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of ADT during the first quarter worth about $1,017,000. Quantbot Technologies LP grew its stake in ADT by 452.9% in the first quarter. Quantbot Technologies LP now owns 179,036 shares of the security and automation business's stock worth $1,203,000 after purchasing an additional 146,657 shares in the last quarter. Vanguard Group Inc. grew its stake in ADT by 10.7% in the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business's stock worth $237,930,000 after purchasing an additional 3,427,575 shares in the last quarter. Finally, Boston Partners grew its stake in ADT by 246.8% in the first quarter. Boston Partners now owns 192,468 shares of the security and automation business's stock worth $1,293,000 after purchasing an additional 136,977 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

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.