ADT (NYSE:ADT) Sees Unusually-High Trading Volume After Dividend Announcement

ADT Inc. (NYSE:ADT) experienced a notable surge in trading volume on Friday, following the company's declaration of a dividend. A total of 9,515,544 shares were traded, marking an increase of 40% from the previous day's volume of 6,795,666 shares. The stock's last recorded price was $8.37, which is up from its prior closing price of $8.12. The newly announced dividend is scheduled for payment on Thursday, April 3rd. Shareholders on record as of Thursday, March 13th, will receive a dividend of $0.055 per share, with the ex-dividend date also set for March 13th. This dividend translates to an annualized amount of $0.22, yielding 2.69%. ADT's dividend payout ratio currently stands at 23.91%.

Wall Street Analyst Insights

Several analysts have recently provided their perspectives on ADT's stock. Morgan Stanley has raised its target price for ADT from $8.50 to $9.00 while maintaining an "equal weight" rating in a report dated Thursday, December 12th. Similarly, the Royal Bank of Canada has reiterated a "sector perform" rating and set a target price of $9.00 for ADT shares in a report issued on Wednesday, January 29th.

ADT Stock Performance

Currently, ADT has a current ratio of 0.81, a quick ratio of 0.64, and a debt-to-equity ratio of 1.93. The company's market capitalization is approximately $7.41 billion. Additionally, it has a price-to-earnings (P/E) ratio of 8.89 and a beta of 1.50. Both its fifty-day moving average and two-hundred day moving average are at $7.30.

Institutional Investment Activity

Recently, various institutional investors have engaged in buying and selling shares of ADT. True Wealth Design LLC took a new position in ADT during the fourth quarter, valued at $36,000. Headlands Technologies LLC and Mirae Asset Global Investments Co. Ltd. also acquired new stakes during the same period, worth approximately $62,000 and $73,000, respectively. Additionally, Federated Hermes Inc. increased its position in ADT by 15.8% in the fourth quarter, bringing its total holdings to 10,600 shares, valued at $73,000. Currently, institutional investors own approximately 87.22% of ADT's stock.

About ADT Inc.

ADT Inc. provides security, interactive, and smart home solutions targeting residential and small business customers throughout the United States. The company operates in two main segments: Consumer and Small Business, as well as Solar. ADT offers a variety of safety measures including burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance solutions.

Considerations for Investors

Currently, ADT is rated as a "Hold" by analysts. For those considering investing, it's advisable to look into other stocks that analysts deem more promising. Investors should conduct thorough research before making any decisions.

ADT, Stocks, Dividend