ADT (NYSE:ADT) Reaches New 1-Year High – Still a Buy?

ADT Inc. (NYSE:ADT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.39 and last traded at $8.38, with a volume of 15745288 shares. The stock had previously closed at $8.16.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADT. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th.

ADT Stock Up 2.7 %

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 business’s fifty day moving average price is $7.67 and its two-hundred day moving average price is $7.40. The stock has a market capitalization of $7.35 billion, a PE ratio of 9.11 and a beta of 1.58.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a $0.055 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.63%. ADT’s dividend payout ratio is currently 41.51%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in shares of ADT by 12.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock valued at $33,615,000 after buying an additional 518,515 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in ADT by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock valued at $1,245,000 after acquiring an additional 1,343 shares in the last quarter. FMR LLC raised its position in ADT by 1.4% during the third quarter. FMR LLC now owns 2,003,325 shares of the security and automation business’s stock valued at $14,484,000 after acquiring an additional 27,711 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in ADT by 911.6% in the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock valued at $1,416,000 after acquiring an additional 176,454 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in ADT by 31.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,028 shares of the security and automation business’s stock worth $521,000 after purchasing an additional 17,145 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

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.