Delap Wealth Advisory LLC Has $302,000 Stock Holdings in ADT Inc. (NYSE:ADT)

Delap Wealth Advisory LLC increased its stake in shares of ADT Inc. (NYSE:ADT) by 81.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,786 shares of the security and automation business’s stock after purchasing an additional 17,837 shares during the quarter. Delap Wealth Advisory LLC’s holdings in ADT were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADT. TFO Wealth Partners LLC boosted its stake in shares of ADT by 10,738.7% in the 4th quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock valued at $211,000 after purchasing an additional 3,329 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of ADT in the 2nd quarter valued at $26,000. Duncker Streett & Co. Inc. bought a new stake in shares of ADT in the 2nd quarter valued at $38,000. Raleigh Capital Management Inc. bought a new stake in shares of ADT in the 4th quarter valued at $36,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of ADT in the 2nd quarter valued at $77,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ADT Stock Down 1.6 %

Shares of NYSE ADT opened at $7.25 on Friday. The firm has a market cap of $6.69 billion, a PE ratio of 10.36 and a beta of 1.54. ADT Inc. has a 12-month low of $5.53 and a 12-month high of $7.92. The company’s fifty day simple moving average is $7.35 and its 200 day simple moving average is $7.07. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98.

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

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, September 13th. ADT’s dividend payout ratio (DPR) is 31.43%.

About ADT

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.