ADT’s (ADT) Buy (B) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of ADT (NYSE:ADT) in a research report report published on Wednesday morning,Weiss Ratings reports.

A number of other equities analysts have also weighed in on ADT. Morgan Stanley upped their target price on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Citigroup increased their price objective on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen lowered ADT from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 28th. Finally, Zacks Research lowered ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.34.

ADT Price Performance

Shares of NYSE ADT opened at $8.39 on Wednesday. The firm has a market capitalization of $6.97 billion, a P/E ratio of 12.70 and a beta of 1.05. 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 stock’s 50-day simple moving average is $8.65 and its two-hundred day simple moving average is $8.38. ADT has a twelve month low of $6.71 and a twelve month high of $8.94.

ADT (NYSE:ADT) last announced its earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. The business had revenue of $1.31 billion during the quarter. ADT had a return on equity of 18.58% and a net margin of 12.30%. As a group, equities analysts anticipate that ADT will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. ADT’s dividend payout ratio is currently 33.33%.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new position in ADT during the 3rd quarter valued at approximately $182,000. Sound Income Strategies LLC increased its position in ADT by 3.0% during the 3rd quarter. Sound Income Strategies LLC now owns 964,440 shares of the security and automation business’s stock valued at $8,323,000 after buying an additional 27,986 shares in the last quarter. Riversedge Advisors LLC bought a new position in ADT during the 3rd quarter valued at approximately $178,000. Corient Private Wealth LLC bought a new stake in shares of ADT in the 2nd quarter worth $219,000. Finally, Osaic Holdings Inc. increased its holdings in shares of ADT by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares in the last quarter. Institutional investors 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.