ADT (NYSE:ADT) Reaches New 52-Week High After Dividend Announcement

ADT Inc. (NYSE:ADT) hit a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as $8.33 and last traded at $8.03, with a volume of 3015696 shares trading hands. The stock had previously closed at $7.53.

The newly announced dividend which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a $0.055 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.69%. ADT’s dividend payout ratio (DPR) is presently 23.91%.

Analyst Upgrades and Downgrades

ADT has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $9.00 price target on shares of ADT in a research note on Wednesday, January 29th.

ADT Trading Up 0.7 %

The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm’s 50 day simple moving average is $7.33 and its two-hundred day simple moving average is $7.31. The stock has a market cap of $7.41 billion, a P/E ratio of 8.89 and a beta of 1.50.

Institutional Trading of ADT

Several institutional investors have recently added to or reduced their stakes in ADT. Creative Planning bought a new stake in ADT during the third quarter valued at $78,000. Private Advisor Group LLC acquired a new position in shares of ADT during the third quarter valued at $159,000. International Assets Investment Management LLC acquired a new position in shares of ADT during the third quarter valued at $157,000. New York State Teachers Retirement System boosted its holdings in shares of ADT by 12.9% during the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after acquiring an additional 3,054 shares during the period. Finally, Innealta Capital LLC boosted its holdings in shares of ADT by 170.5% during the third quarter. Innealta Capital LLC now owns 36,380 shares of the security and automation business’s stock valued at $263,000 after acquiring an additional 22,933 shares during the period. Institutional investors 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.