ADT (NYSE:ADT) Share Price Passes Above 200-Day Moving Average of $6.42

ADT Inc. (NYSE:ADT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.42 and traded as high as $6.56. ADT shares last traded at $6.47, with a volume of 2,759,880 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ADT shares. Barclays decreased their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd. The Goldman Sachs Group upped their price objective on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research report on Thursday, February 29th.

ADT Price Performance

The business has a 50 day moving average of $6.70 and a 200 day moving average of $6.42. The company has a market cap of $5.97 billion, a PE ratio of 12.94 and a beta of 1.57. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.52.

ADT (NYSE:ADT) last announced its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. ADT had a return on equity of 14.85% and a net margin of 8.69%. The firm’s revenue was down 27.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, research analysts predict that ADT Inc. will post 0.67 EPS for the current year.

ADT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 14th were issued a $0.055 dividend. This is an increase from ADT’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.40%. ADT’s dividend payout ratio is 44.00%.

Hedge Funds Weigh In On ADT

Several large investors have recently modified their holdings of the stock. Alaska Permanent Fund Corp bought a new stake in shares of ADT during the 1st quarter valued at about $446,000. Raleigh Capital Management Inc. bought a new position in shares of ADT during the 4th quarter valued at approximately $36,000. American Trust bought a new position in shares of ADT during the 4th quarter valued at approximately $91,000. Price T Rowe Associates Inc. MD grew its stake in shares of ADT by 17.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 114,862 shares of the security and automation business’s stock valued at $785,000 after acquiring an additional 17,007 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in shares of ADT by 3.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 96,477 shares of the security and automation business’s stock valued at $658,000 after acquiring an additional 3,544 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

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.