DekaBank Deutsche Girozentrale Buys Shares of 44,140 ADT Inc. (NYSE:ADT)

DekaBank Deutsche Girozentrale purchased a new position in ADT Inc. (NYSE:ADT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 44,140 shares of the security and automation business’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in ADT by 21.5% in the fourth quarter. Victory Capital Management Inc. now owns 42,818 shares of the security and automation business’s stock worth $292,000 after acquiring an additional 7,586 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ADT by 13.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,358,277 shares of the security and automation business’s stock worth $22,903,000 after purchasing an additional 385,491 shares in the last quarter. BNP Paribas Financial Markets grew its position in ADT by 470.0% during the 4th quarter. BNP Paribas Financial Markets now owns 371,498 shares of the security and automation business’s stock valued at $2,534,000 after purchasing an additional 306,319 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in ADT by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,587,542 shares of the security and automation business’s stock valued at $51,748,000 after purchasing an additional 741,658 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in ADT by 102.4% in the fourth quarter. Panagora Asset Management Inc. now owns 20,263 shares of the security and automation business’s stock worth $138,000 after buying an additional 10,251 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

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 for the company in a research report on Friday, August 2nd.

ADT Trading Down 1.5 %

ADT stock opened at $7.26 on Friday. ADT Inc. has a one year low of $5.53 and a one year high of $7.92. The business’s fifty day moving average is $7.35 and its 200 day moving average is $7.07. The stock has a market capitalization of $6.70 billion, a PE ratio of 10.37 and a beta of 1.54. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59.

ADT (NYSE:ADT) last announced its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts predict that ADT Inc. will post 0.62 EPS for the current year.

ADT Announces Dividend

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