Vanguard Group Inc. Raises Stock Position in ADT Inc. (NYSE:ADT)

Vanguard Group Inc. raised its stake in shares of ADT Inc. (NYSE:ADT) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,978,732 shares of the security and automation business’s stock after buying an additional 52,719 shares during the period. Vanguard Group Inc. owned about 3.47% of ADT worth $218,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADT. TFO Wealth Partners LLC increased its position in ADT by 10,738.7% during the fourth quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock valued at $211,000 after acquiring an additional 3,329 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of ADT in the 4th quarter worth approximately $36,000. Tower Research Capital LLC TRC boosted its holdings in shares of ADT by 1,185.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,772 shares of the security and automation business’s stock worth $67,000 after buying an additional 9,012 shares during the last quarter. American Trust bought a new stake in ADT during the fourth quarter valued at approximately $91,000. Finally, Panagora Asset Management Inc. increased its holdings in ADT by 102.4% during the fourth quarter. Panagora Asset Management Inc. now owns 20,263 shares of the security and automation business’s stock valued at $138,000 after buying an additional 10,251 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays dropped their price target on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Friday, March 22nd.

ADT Stock Down 2.3 %

ADT stock opened at $7.43 on Tuesday. The business’s 50-day moving average price is $7.13 and its 200-day moving average price is $6.79. The stock has a market cap of $6.85 billion, a P/E ratio of 10.61 and a beta of 1.59. ADT Inc. has a twelve month low of $5.53 and a twelve month high of $7.84. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 2.03.

ADT (NYSE:ADT) last announced its quarterly earnings data on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. ADT had a net margin of 12.81% and a return on equity of 15.98%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities research analysts forecast that ADT Inc. will post 0.67 EPS for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be given a $0.055 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.96%. ADT’s payout ratio is 31.43%.

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.