ADT Inc. (NYSE:ADT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of ADT Inc. (NYSE:ADT) by 26.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 484,769 shares of the security and automation business’s stock after buying an additional 100,134 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of ADT worth $3,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in ADT by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock valued at $1,245,000 after acquiring an additional 1,343 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in ADT by 10.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock valued at $164,000 after purchasing an additional 2,112 shares in the last quarter. Highland Capital Management LLC increased its stake in ADT by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 27,643 shares of the security and automation business’s stock worth $200,000 after buying an additional 2,542 shares during the period. New York State Teachers Retirement System lifted its holdings in ADT by 12.9% in the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock worth $193,000 after buying an additional 3,054 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in ADT by 19.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock valued at $156,000 after buying an additional 3,311 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ADT shares. The Goldman Sachs Group lifted their target price on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley raised their price target on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

ADT Trading Up 0.5 %

NYSE:ADT opened at $7.26 on Friday. The company has a market cap of $6.58 billion, a PE ratio of 7.89 and a beta of 1.51. The business’s 50 day moving average is $7.26 and its two-hundred day moving average is $7.29. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. ADT Inc. has a 52 week low of $6.09 and a 52 week high of $8.25.

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

ADT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, December 12th. ADT’s payout ratio is 23.91%.

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.