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Billionaires bet on ADT

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Wednesday, March 20, 2013

I’ve been writing here about the sunny outlook for The ADT Corp. stock since the newly independent company began publicly trading last fall after spinning off from Tyco International. But don’t just take my word for it—apparently 10 billionaires also think ADT is a good investment.

Gurufocus.com, a web site that's oriented toward value investing, noted this week that 10 billionaire investors have all recently invested in Boca Raton, Fla.-based ADT.

Here’s more from what Gurufocus had to say:

ADT got the attention of Investor Gurus Julian Robertson, John Burbank, Dodge & Cox, George Soros, Jean-Marie Eveillard, John Keeley, Mario Gabelli, Steven Cohen, James Barrow, and Paul Tudor Jones--all bought ADT shares for the first time on Dec. 31, 2012, at $48 per share, with a change from average of 14%. Current share price is $49.43. Top buyer Dodge & Cox bought 6,810,838 ADT shares, followed by Jean-Marie Eveillard who bought 1,526,071 shares. At the low-end, Guru Paul Tudor Jones bought new holdings of 10,000 ADT shares. See detailed Guru Trade info here.

A leading provider of electronic security, detection, and monitoring for home and business, ADT features interactive and automated products and services for active people with increasingly mobile lifestyles. The Florida company employs approximately 16,000 people at 200 locations, and serves six million customers. This week ADT announced that its Board of Directors had declared a quarterly cash dividend of $0.125 per share of common stock, to be paid on May 15, 2013 to stockholders of record as of the close of business on April 24, 2013.

… GuruFocus performed a thorough financial and performance checkup on ADT and found only one warning sign. The ADT price of $49.43 is close to its one-year high of $49.46.