ADT Inc. (NYSE:ADT) Plans $0.06 Quarterly Dividend

ADT Inc. (NYSE:ADT - Get Free Report) declared a quarterly dividend on Thursday, July 24th, RTT News reports. Stockholders of record on Thursday, September 11th will be given a dividend of 0.055 per share by the security and automation business on Thursday, October 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.54%.

ADT has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ADT to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 27.8%.

ADT Price Performance

Shares of ADT traded up $0.22 during midday trading on Thursday, reaching $8.65. The stock had a trading volume of 8,647,946 shares, compared to its average volume of 15,071,450. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 14.86 and a beta of 1.21. ADT has a 12-month low of $6.53 and a 12-month high of $8.80. The company's 50-day moving average is $8.38 and its 200 day moving average is $7.94. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. ADT had a return on equity of 17.23% and a net margin of 11.03%. ADT's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. On average, equities analysts predict that ADT will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

ADT has been the subject of several research analyst reports. Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a report on Monday, April 21st.

Insiders Place Their Bets

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the completion of the transaction, the insider owned 228,650,366 shares of the company's stock, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADT. NewEdge Advisors LLC increased its position in ADT by 503.0% during the 1st quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business's stock valued at $108,000 after buying an additional 11,077 shares in the last quarter. Caxton Associates LLP purchased a new stake in ADT during the 1st quarter valued at $296,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ADT by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business's stock valued at $9,396,000 after purchasing an additional 262,480 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in ADT by 75.9% during the 1st quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business's stock valued at $442,000 after purchasing an additional 23,463 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.