Shares of ADT Inc (NYSE:ADT) have received a consensus rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $10.53.
A number of equities research analysts have commented on the company. Zacks Investment Research raised ADT from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. Barclays reissued a “buy” rating and set a $8.00 price target on shares of ADT in a report on Wednesday, April 17th. ValuEngine raised ADT from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Imperial Capital reissued an “outperform” rating and set a $12.00 price target (down from $15.00) on shares of ADT in a report on Friday, March 15th. Finally, Morgan Stanley cut ADT from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $9.00 to $7.00 in a report on Monday, May 13th.
Several hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of ADT in the fourth quarter worth about $34,420,000. SQN Investors LP increased its holdings in shares of ADT by 10.9% in the first quarter. SQN Investors LP now owns 5,677,458 shares of the security and automation business’s stock worth $36,279,000 after purchasing an additional 559,642 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of ADT by 0.6% in the first quarter. Federated Investors Inc. PA now owns 1,571,189 shares of the security and automation business’s stock worth $10,040,000 after purchasing an additional 9,636 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ADT by 373.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,434,166 shares of the security and automation business’s stock worth $8,619,000 after purchasing an additional 1,131,040 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in shares of ADT by 8.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,310,568 shares of the security and automation business’s stock worth $8,375,000 after purchasing an additional 97,268 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.
ADT (NYSE:ADT) last posted its quarterly earnings results on Tuesday, May 7th. The security and automation business reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.31). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. ADT had a negative net margin of 11.01% and a negative return on equity of 2.45%. ADT’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, research analysts forecast that ADT will post 0.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.14 annualized dividend and a dividend yield of 2.29%. ADT’s dividend payout ratio (DPR) is -87.50%.
ADT Company Profile
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.
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