ADT (NYSE:ADT) Shares Gap Down to $8.39

ADT Inc. (NYSE:ADTGet Rating)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.39, but opened at $8.02. ADT shares last traded at $8.45, with a volume of 21,740 shares trading hands.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their price objective on ADT from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th.

ADT Stock Performance

The firm has a market capitalization of $7.64 billion, a PE ratio of -209.50 and a beta of 1.97. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.50 and a quick ratio of 0.33. The firm has a fifty day moving average price of $7.49 and a 200 day moving average price of $7.24.

ADT (NYSE:ADTGet Rating) last announced its earnings results on Thursday, August 4th. The security and automation business reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). ADT had a negative net margin of 0.39% and a negative return on equity of 2.18%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. Research analysts anticipate that ADT Inc. will post 0.1 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 15th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.67%. The ex-dividend date is Wednesday, September 14th. ADT’s dividend payout ratio is currently -350.00%.

Institutional Investors Weigh In On ADT

Several hedge funds have recently bought and sold shares of ADT. Vanguard Group Inc. lifted its stake in ADT by 26.3% in the 1st quarter. Vanguard Group Inc. now owns 18,580,954 shares of the security and automation business’s stock worth $141,029,000 after acquiring an additional 3,864,889 shares in the last quarter. Alliancebernstein L.P. increased its position in ADT by 12.4% in the 4th quarter. Alliancebernstein L.P. now owns 19,685,640 shares of the security and automation business’s stock worth $165,556,000 after purchasing an additional 2,171,385 shares during the last quarter. State Street Corp increased its position in ADT by 66.8% in the 2nd quarter. State Street Corp now owns 4,591,616 shares of the security and automation business’s stock worth $28,334,000 after purchasing an additional 1,838,765 shares during the last quarter. Patient Capital Management LLC acquired a new position in ADT in the 4th quarter worth about $8,198,000. Finally, Lapides Asset Management LLC increased its position in ADT by 319.5% in the 2nd quarter. Lapides Asset Management LLC now owns 860,300 shares of the security and automation business’s stock worth $5,291,000 after purchasing an additional 655,200 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

ADT Company Profile

(Get Rating)

ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies, such as injuries, medical emergencies, or incapacitation.

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