Royal Bank of Canada Reiterates "Sector Perform" Rating for ADT (NYSE:ADT)

Royal Bank of Canada reissued their sector perform rating on shares of ADT (NYSE:ADT - Free Report) in a report issued on Monday,Benzinga reports. The firm currently has a $9.00 price objective on the security and automation business' stock.

Separately, Barclays raised ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Stock Performance

ADT stock traded up $0.08 during mid-day trading on Monday, hitting $7.83. 21,215,787 shares of the company were exchanged, compared to its average volume of 7,957,810. ADT has a 1-year low of $6.42 and a 1-year high of $8.39. The business has a 50 day simple moving average of $7.80 and a 200-day simple moving average of $7.48. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $6.86 billion, a PE ratio of 8.51 and a beta of 1.42.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio is currently 41.51%.

Institutional Trading of ADT

Institutional investors have recently modified their holdings of the stock. Northwest Wealth Management LLC acquired a new position in ADT in the first quarter valued at about $87,000. New York State Teachers Retirement System increased its holdings in ADT by 28.9% in the 1st quarter. New York State Teachers Retirement System now owns 34,198 shares of the security and automation business's stock valued at $278,000 after buying an additional 7,660 shares during the period. Amalgamated Bank raised its position in shares of ADT by 36.8% in the 1st quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock valued at $160,000 after buying an additional 5,287 shares in the last quarter. Monument Capital Management bought a new stake in shares of ADT during the 1st quarter worth approximately $116,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of ADT by 366.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business's stock worth $606,000 after acquiring an additional 58,292 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

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.