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

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADT. Barclays reduced their price objective on ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd. The Goldman Sachs Group raised their price target on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research report on Thursday, February 29th.

ADT Stock Performance

The firm’s fifty day simple moving average is $6.93 and its 200 day simple moving average is $6.72. The company has a market capitalization of $7.09 billion, a PE ratio of 10.87 and a beta of 1.57. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56.

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

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, June 13th. ADT’s dividend payout ratio (DPR) is 31.43%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Alexander Labrunerie & CO. Inc. acquired a new position in shares of ADT during the 1st quarter worth approximately $763,000. Boston Partners boosted its stake in ADT by 246.8% during the first quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock worth $1,293,000 after buying an additional 136,977 shares during the last quarter. Zimmer Partners LP acquired a new position in ADT during the first quarter worth $2,352,000. Tidal Investments LLC grew 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 buying an additional 11,226 shares in the last quarter. Finally, Innealta Capital LLC increased its stake in shares of ADT by 147.2% in the 1st quarter. Innealta Capital LLC now owns 30,780 shares of the security and automation business’s stock worth $207,000 after acquiring an additional 18,330 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

About ADT

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.