Sanctuary Advisors LLC Invests $149,000 in ADT Inc. (NYSE:ADT)

Sanctuary Advisors LLC bought a new position in shares of 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 bought 19,633 shares of the security and automation business’s stock, valued at approximately $149,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADT. Acadian Asset Management LLC acquired a new position in ADT in the second quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new position in ADT in the second quarter valued at about $30,000. Duncker Streett & Co. Inc. acquired a new position in ADT in the second quarter valued at about $38,000. Diversify Advisory Services LLC acquired a new position in ADT during the second quarter worth about $76,000. Finally, TFB Advisors LLC acquired a new position in ADT during the first quarter worth about $77,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analysts Set New Price Targets

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

ADT Stock Up 1.0 %

Shares of NYSE ADT opened at $7.09 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 10.13 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 stock has a 50-day moving average price of $7.18 and a two-hundred day moving average price of $7.14.

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

ADT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, September 13th. ADT’s dividend payout ratio (DPR) is currently 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.