ADT Inc. (NYSE:ADT – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.055 per share by the security and automation business on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, September 10th.
ADT has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. ADT has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ADT to earn $0.90 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 24.4%.
ADT Price Performance
ADT traded up $0.12 during midday trading on Thursday, hitting $7.53. 10,899,992 shares of the company traded hands, compared to its average volume of 10,488,330. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 10.76 and a beta of 1.01. ADT has a 52-week low of $6.24 and a 52-week high of $8.94. The business has a 50 day simple moving average of $6.78 and a two-hundred day simple moving average of $7.11.
Insider Buying and Selling
In related news, EVP Kimberly Miller purchased 3,625 shares of ADT stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $6.91 per share, for a total transaction of $25,048.75. Following the acquisition, the executive vice president directly owned 55,984 shares in the company, valued at approximately $386,849.44. The trade was a 6.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Omar Khan purchased 7,280 shares of ADT stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $6.88 per share, for a total transaction of $50,086.40. Following the acquisition, the executive vice president owned 7,280 shares in the company, valued at approximately $50,086.40. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 54,855 shares of company stock valued at $376,172 over the last 90 days. Insiders own 3.00% of the company’s stock.
Hedge Funds Weigh In On ADT
Institutional investors and hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of ADT in the 4th quarter valued at approximately $28,000. PNC Financial Services Group Inc. raised its position in shares of ADT by 151.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock valued at $33,000 after buying an additional 2,985 shares during the period. IFP Advisors Inc lifted its holdings in ADT by 1,759.1% in the third quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock valued at $35,000 after acquiring an additional 3,782 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in ADT by 39.9% in the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new position in ADT in the fourth quarter worth approximately $41,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.
ADT Company Profile
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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