ADT (NYSE:ADT) PT Raised to $9.20 at The Goldman Sachs Group

ADT (NYSE:ADT) had its price objective upped by The Goldman Sachs Group from $8.20 to $9.20 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the security and automation business’ stock.

Separately, Royal Bank of Canada reduced their target price on ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd.

ADT Price Performance

Shares of ADT opened at $7.88 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. ADT has a twelve month low of $5.53 and a twelve month high of $8.25. The company has a market capitalization of $7.27 billion, a P/E ratio of 11.26 and a beta of 1.53. The firm has a 50 day moving average of $7.19 and a 200 day moving average of $7.16.

ADT (NYSE:ADT) last announced its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that ADT will post 0.62 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, December 12th. ADT’s dividend payout ratio (DPR) is presently 31.43%.

Hedge Funds Weigh In On ADT

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in ADT by 31.4% in the first quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business’s stock valued at $8,703,000 after buying an additional 310,406 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of ADT during the first quarter worth about $1,017,000. Quantbot Technologies LP lifted its position in shares of ADT by 452.9% in the first quarter. Quantbot Technologies LP now owns 179,036 shares of the security and automation business’s stock valued at $1,203,000 after acquiring an additional 146,657 shares in the last quarter. Vanguard Group Inc. boosted its stake in ADT by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock worth $237,930,000 after purchasing an additional 3,427,575 shares during the last quarter. Finally, Boston Partners lifted its stake in ADT by 246.8% in the 1st quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock worth $1,293,000 after purchasing an additional 136,977 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other 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.