21,697 Shares in ADT Inc. (NYSE:ADT) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of ADT Inc. (NYSE:ADT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,697 shares of the security and automation business’s stock, valued at approximately $157,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADT. Private Advisor Group LLC acquired a new position in ADT during the 3rd quarter valued at about $159,000. Kapitalo Investimentos Ltda purchased a new position in shares of ADT during the third quarter valued at approximately $125,000. Creative Planning bought a new stake in ADT during the third quarter worth $78,000. Wedge Capital Management L L P NC purchased a new stake in ADT in the 3rd quarter valued at $2,409,000. Finally, Sound Income Strategies LLC bought a new position in ADT during the 3rd quarter valued at $2,568,000. Institutional investors own 87.22% of the company’s stock.

ADT Stock Up 1.7 %

Shares of NYSE:ADT opened at $7.76 on Friday. ADT Inc. has a 1 year low of $5.63 and a 1 year high of $8.25. The company has a market capitalization of $7.04 billion, a PE ratio of 8.43 and a beta of 1.52. The business has a fifty day moving average price of $7.18 and a two-hundred day moving average price of $7.23. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 2.84%. ADT’s payout ratio is 23.91%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ADT shares. The Goldman Sachs Group upped their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

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.