ADT (NYSE:ADT) Reaches New 52-Week High - What's Next?

Key Points

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ADT Inc. (NYSE:ADT - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $8.82 and last traded at $8.84, with a volume of 1354062 shares. The stock had previously closed at $8.65.

Analysts Set New Price Targets

ADT has been the topic of a number of recent research reports. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research note on Monday, April 21st. Morgan Stanley lifted their price target on shares of ADT from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, ADT currently has an average rating of "Moderate Buy" and a consensus price target of $9.18.

ADT Price Performance

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The company's 50 day moving average price is $8.41 and its 200 day moving average price is $8.10. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 13.33 and a beta of 1.20.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $0.17 EPS. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, equities research analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.055 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.5%. ADT's payout ratio is currently 33.33%.

Insider Activity

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. This represents a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On ADT

A number of large investors have recently bought and sold shares of ADT. Wells Fargo & Company MN boosted its position in ADT by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock worth $248,000 after acquiring an additional 2,113 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of ADT by 15.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 24,540 shares of the security and automation business's stock worth $170,000 after purchasing an additional 3,366 shares in the last quarter. Invesco Ltd. raised its stake in shares of ADT by 21.3% during the 4th quarter. Invesco Ltd. now owns 1,521,242 shares of the security and automation business's stock worth $10,512,000 after purchasing an additional 266,696 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of ADT during the 4th quarter worth approximately $1,153,000. Finally, Mariner LLC raised its stake in shares of ADT by 10.9% during the 4th quarter. Mariner LLC now owns 39,666 shares of the security and automation business's stock worth $274,000 after purchasing an additional 3,904 shares in the last quarter. Institutional investors and hedge funds 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.

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