B. Riley Wealth Advisors Inc. Purchases New Holdings in ADT Inc. (NYSE:ADT)

B. Riley Wealth Advisors Inc. purchased a new stake in ADT Inc. (NYSE:ADT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 109,944 shares of the security and automation business’s stock, valued at approximately $842,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in ADT during the 2nd quarter worth $26,000. Altshuler Shaham Ltd bought a new position in shares of ADT during the second quarter worth $30,000. Raleigh Capital Management Inc. bought a new position in shares of ADT during the fourth quarter worth $36,000. Duncker Streett & Co. Inc. bought a new position in shares of ADT during the second quarter worth $38,000. Finally, Diversify Advisory Services LLC bought a new position in shares of ADT during the second quarter worth $76,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

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

ADT Trading Up 1.4 %

ADT opened at $7.18 on Friday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 10.26 and a beta of 1.53. ADT Inc. has a 12 month low of $5.53 and a 12 month high of $7.92. The firm’s fifty day simple moving average is $7.24 and its 200 day simple moving average is $7.10. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. As a group, research analysts anticipate that ADT Inc. will post 0.62 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.055 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.22 annualized dividend and a yield of 3.06%. ADT’s dividend payout ratio is currently 31.43%.

ADT 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.