Rhumbline Advisers Increases Stake in ADT Inc. (NYSE:ADT)

Rhumbline Advisers increased its holdings in ADT Inc. (NYSE:ADT) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 247,390 shares of the security and automation business’s stock after buying an additional 7,900 shares during the quarter. Rhumbline Advisers’ holdings in ADT were worth $1,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new position in shares of ADT during the 4th quarter valued at approximately $36,000. Duncker Streett & Co. Inc. acquired a new stake in shares of ADT during the 2nd quarter worth about $38,000. Diversify Advisory Services LLC acquired a new position in ADT in the 2nd quarter valued at about $76,000. TFB Advisors LLC acquired a new position in ADT in the 1st quarter valued at about $77,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of ADT during the second quarter worth about $77,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their target price on ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd.

ADT Stock Down 1.5 %

ADT stock opened at $7.26 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 10.37 and a beta of 1.54. ADT Inc. has a fifty-two week low of $5.53 and a fifty-two week high of $7.92. The stock’s fifty day moving average is $7.35 and its two-hundred day moving average is $7.07.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Analysts predict that ADT Inc. will post 0.62 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, September 13th. This represents a $0.22 annualized dividend and a yield of 3.03%. ADT’s dividend payout ratio (DPR) is presently 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.