ADT Inc. (NYSE:ADT) to Issue Quarterly Dividend of $0.06

ADT Inc. (NYSE:ADT) declared a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be paid a dividend of 0.055 per share by the security and automation business on Tuesday, July 8th. This represents a $0.22 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, June 12th.

ADT has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ADT to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 27.8%.

ADT Stock Performance

Shares of ADT stock opened at $8.23 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT has a fifty-two week low of $6.53 and a fifty-two week high of $8.72. The stock’s 50-day moving average is $8.13 and its two-hundred day moving average is $7.70. The firm has a market cap of $6.88 billion, a P/E ratio of 8.94 and a beta of 1.23.

ADT (NYSE:ADT) last issued its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.16 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that ADT will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADT shares. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price objective on shares of ADT in a report on Monday, April 21st. Barclays raised ADT from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $7.00 to $9.00 in a report on Friday, April 4th.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total transaction of $372,150,000.00. Following the completion of the sale, the insider now owns 183,650,366 shares in the company, valued at $1,518,788,526.82. This represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by insiders.

Institutional Trading of ADT

Several hedge funds have recently added to or reduced their stakes in ADT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ADT by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,154,250 shares of the security and automation business’s stock valued at $9,396,000 after purchasing an additional 262,480 shares during the period. Caxton Associates LLP bought a new stake in ADT during the 1st quarter valued at approximately $296,000. Focus Partners Wealth boosted its stake in ADT by 75.9% during the 1st quarter. Focus Partners Wealth now owns 54,363 shares of the security and automation business’s stock valued at $442,000 after purchasing an additional 23,463 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in ADT by 503.0% during the 1st quarter. NewEdge Advisors LLC now owns 13,279 shares of the security and automation business’s stock valued at $108,000 after purchasing an additional 11,077 shares during the period. 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.