ADT (NYSE:ADT) Hits New 12-Month High at $7.70

ADT Inc. (NYSE:ADT) shares reached a new 52-week high during trading on Friday . The company traded as high as $7.70 and last traded at $7.65, with a volume of 10397572 shares. The stock had previously closed at $7.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays cut their target price on ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd. The Goldman Sachs Group lifted their target price on ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research report on Thursday, February 29th.

ADT Price Performance

The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 11.07 and a beta of 1.57. The company has a 50-day moving average of $6.96 and a 200-day moving average of $6.74. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.56 and a current ratio of 0.71.

ADT (NYSE:ADT) last issued its quarterly earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ADT had a return on equity of 15.98% and a net margin of 12.81%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, equities research analysts predict that ADT Inc. will post 0.67 earnings per share for the current year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 13th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, June 13th. ADT’s dividend payout ratio (DPR) is presently 31.43%.

Hedge Funds Weigh In On ADT

Institutional investors have recently added to or reduced their stakes in the stock. Alexander Labrunerie & CO. Inc. purchased a new stake in ADT in the 1st quarter valued at approximately $763,000. Boston Partners boosted its holdings in ADT by 246.8% in the 1st quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock valued at $1,293,000 after purchasing an additional 136,977 shares in the last quarter. Zimmer Partners LP purchased a new stake in ADT in the 1st quarter valued at approximately $2,352,000. Tidal Investments LLC boosted its holdings in ADT by 12.4% in the 1st quarter. Tidal Investments LLC now owns 101,886 shares of the security and automation business’s stock valued at $685,000 after purchasing an additional 11,226 shares in the last quarter. Finally, Innealta Capital LLC boosted its holdings in ADT by 147.2% in the 1st quarter. Innealta Capital LLC now owns 30,780 shares of the security and automation business’s stock valued at $207,000 after purchasing an additional 18,330 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.