ADT’s (ADT) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of ADT (NYSE:ADT) in a research note issued to investors on Monday morning,Benzinga reports. Royal Bank of Canada currently has a $9.00 target price on the security and automation business’ stock.

Separately, Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Stock Down 2.2 %

NYSE:ADT opened at $7.70 on Monday. ADT has a one year low of $6.16 and a one year high of $8.39. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market cap of $6.75 billion, a PE ratio of 8.37 and a beta of 1.42. The firm’s 50 day simple moving average is $7.78 and its 200 day simple moving average is $7.47.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given 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 yield of 2.86%. ADT’s dividend payout ratio (DPR) is currently 41.51%.

Institutional Investors Weigh In On ADT

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in shares of ADT during the 1st quarter worth approximately $35,000. True Wealth Design LLC bought a new position in ADT during the fourth quarter worth $36,000. Headlands Technologies LLC acquired a new stake in ADT in the fourth quarter worth $62,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ADT during the fourth quarter valued at about $73,000. Finally, Magnetar Financial LLC acquired a new position in shares of ADT during the fourth quarter valued at about $73,000. Institutional investors and hedge funds 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.