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 note released on Friday, Marketbeat reports. They currently have $9.00 price target on the security and automation business’ stock, up from their previous price target of $7.00.

A number of other equities analysts have also issued reports on ADT. Morgan Stanley raised their price target on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 target price on shares of ADT in a report on Wednesday, January 29th.

ADT Trading Down 1.2 %

Shares of NYSE:ADT opened at $7.98 on Friday. 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 has a 52-week low of $6.10 and a 52-week high of $8.39. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 8.67 and a beta of 1.58. The business has a 50-day moving average price of $7.72 and a 200-day moving average price of $7.41.

ADT Announces Dividend

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

Hedge Funds Weigh In On ADT

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of ADT in the 1st quarter valued at about $35,000. Wealth Enhancement Advisory Services LLC grew its holdings in ADT by 469.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,190 shares of the security and automation business’s stock valued at $761,000 after purchasing an additional 90,852 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of ADT in the fourth quarter valued at approximately $1,654,000. American Trust acquired a new position in shares of ADT during the 4th quarter worth approximately $151,000. Finally, Mackenzie Financial Corp lifted its position in shares of ADT by 513.2% during the 4th quarter. Mackenzie Financial Corp now owns 1,604,094 shares of the security and automation business’s stock valued at $11,084,000 after buying an additional 1,342,509 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

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.