ADT Inc. (NYSE:ADT) Receives $9.18 Average Price Target from Brokerages

ADT Inc. (NYSE:ADT) has earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.1750.

A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research note on Monday, April 21st. Wall Street Zen lowered ADT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley upped their target price on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, Zacks Research upgraded ADT to a “strong-buy” rating in a research note on Tuesday, August 12th.

Insider Transactions at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, the insider owned 112,650,366 shares of the company’s stock, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On ADT

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in ADT by 11.6% during the first quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after acquiring an additional 5,160,835 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ADT by 21.6% in the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock worth $212,264,000 after buying an additional 4,624,120 shares during the period. Norges Bank purchased a new stake in shares of ADT in the second quarter worth about $219,825,000. LSV Asset Management boosted its position in shares of ADT by 97.1% in the second quarter. LSV Asset Management now owns 24,727,193 shares of the security and automation business’s stock worth $209,439,000 after buying an additional 12,182,009 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of ADT by 5.5% in the second quarter. Alliancebernstein L.P. now owns 16,346,077 shares of the security and automation business’s stock worth $138,451,000 after buying an additional 853,767 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Up 0.3%

ADT opened at $8.70 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The firm has a market cap of $7.23 billion, a P/E ratio of 13.18 and a beta of 1.20. ADT has a 52 week low of $6.68 and a 52 week high of $8.81. The business’s fifty day simple moving average is $8.41 and its 200 day simple moving average is $8.10.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. As a group, equities research analysts anticipate that ADT will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 11th. ADT’s payout ratio is 33.33%.

About ADT

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.