ADT (NYSE:ADT) Shares Gap Up to $5.94

ADT Inc. (NYSE:ADT)’s share price gapped up prior to trading on Friday . The stock had previously closed at $5.94, but opened at $6.11. ADT shares last traded at $6.13, with a volume of 148,638 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on ADT. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of ADT in a research note on Monday, September 25th. The Goldman Sachs Group cut their price objective on ADT from $9.60 to $8.30 and set a “buy” rating on the stock in a report on Wednesday, August 9th.

ADT Stock Up 3.5 %

The business has a fifty day moving average price of $6.07 and a two-hundred day moving average price of $6.13. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.72 and a quick ratio of 0.63. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 87.86 and a beta of 1.68.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Thursday, December 14th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, December 13th. ADT’s dividend payout ratio is presently 200.00%.

Insider Activity

In related news, EVP Wayne Thorsen bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of $6.08 per share, with a total value of $30,400.00. Following the completion of the acquisition, the executive vice president now directly owns 459,761 shares in the company, valued at $2,795,346.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of ADT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC grew its holdings in ADT by 4.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,850 shares of the security and automation business’s stock worth $252,000 after acquiring an additional 1,728 shares during the period. Sei Investments Co. grew its holdings in ADT by 13.9% during the third quarter. Sei Investments Co. now owns 14,402 shares of the security and automation business’s stock worth $86,000 after acquiring an additional 1,758 shares during the period. Commonwealth Equity Services LLC grew its holdings in ADT by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 17,733 shares of the security and automation business’s stock worth $106,000 after acquiring an additional 1,784 shares during the period. Inceptionr LLC grew its holdings in ADT by 2.1% in the second quarter. Inceptionr LLC now owns 99,209 shares of the security and automation business’s stock valued at $598,000 after purchasing an additional 2,044 shares during the period. Finally, National Bank of Canada FI grew its holdings in ADT by 33.3% in the third quarter. National Bank of Canada FI now owns 8,301 shares of the security and automation business’s stock valued at $50,000 after purchasing an additional 2,075 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

About ADT

ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It operates through Consumer and Small Business, Commercial, and Solar segments. The company provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers.