ADT (NYSE:ADT) Upgraded at Barclays

Barclays upgraded shares of ADT (NYSE:ADT) from an underweight rating to an equal weight rating in a research report released on Friday, Marketbeat.com reports. The brokerage currently has $9.00 price objective on the security and automation business’ stock, up from their prior price objective of $7.00.

Several other research firms have also weighed in on ADT. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th. 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 report on Thursday, December 12th.

ADT Stock Performance

ADT stock opened at $7.98 on Friday. The business has a 50 day moving average of $7.72 and a 200-day moving average of $7.42. The firm has a market cap of $6.99 billion, a PE ratio of 8.67 and a beta of 1.58. ADT has a 12-month low of $6.10 and a 12-month high of $8.39. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were paid a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.76%. ADT’s payout ratio is 41.51%.

Institutional Investors Weigh In On ADT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of ADT in the fourth quarter worth $153,824,000. Vanguard Group Inc. boosted its position in shares of ADT by 20.6% during the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock valued at $307,876,000 after acquiring an additional 7,610,709 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of ADT during the fourth quarter worth about $48,687,000. Dimensional Fund Advisors LP increased its position in shares of ADT by 31.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock worth $148,246,000 after purchasing an additional 5,089,056 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in ADT by 11.7% during the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock valued at $238,906,000 after purchasing an additional 3,632,502 shares during the last quarter. 87.22% of the stock is currently owned by 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.