ADT (NYSE:ADT) Upgraded to Equal Weight at Barclays

Barclays upgraded shares of ADT (NYSE:ADT) from an underweight rating to an equal weight rating in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have $9.00 target price on the security and automation business’ stock, up from their prior target price of $7.00.

Other research analysts have also recently issued reports about the stock. Morgan Stanley increased their target price on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th.

ADT Stock Performance

Shares of NYSE:ADT opened at $7.98 on Friday. The firm’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $7.41. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT has a one year low of $6.10 and a one year high of $8.39. The firm has a market cap of $6.99 billion, a PE ratio of 8.67 and a beta of 1.58.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, March 13th. ADT’s dividend payout ratio is currently 41.51%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ADT. Geode Capital Management LLC increased its position in ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after buying an additional 1,543,677 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of ADT by 911.6% during the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after acquiring an additional 176,454 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ADT by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business’s stock valued at $36,341,000 after acquiring an additional 609,842 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of ADT by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after purchasing an additional 100,134 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business’s stock worth $904,000 after purchasing an additional 41,682 shares in the last quarter. 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.