Principal Financial Group Inc. Has $140,000 Stake in ADT Inc. (NYSE:ADT)

Principal Financial Group Inc. lowered its holdings in shares of ADT Inc. (NYSE:ADT) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,307 shares of the security and automation business’s stock after selling 1,778 shares during the quarter. Principal Financial Group Inc.’s holdings in ADT were worth $140,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in ADT by 10.7% in the 1st quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock worth $237,930,000 after purchasing an additional 3,427,575 shares during the period. Ariel Investments LLC lifted its position in ADT by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock worth $230,740,000 after buying an additional 780,762 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of ADT during the 2nd quarter worth about $195,461,000. Dimensional Fund Advisors LP grew its holdings in shares of ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock valued at $93,937,000 after acquiring an additional 4,705,544 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of ADT by 186.0% in the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock valued at $73,310,000 after acquiring an additional 6,272,974 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

ADT Trading Up 1.5 %

ADT stock opened at $7.65 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market capitalization of $6.94 billion, a P/E ratio of 8.32 and a beta of 1.52. ADT Inc. has a 52 week low of $5.63 and a 52 week high of $8.25. The stock has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $7.32.

ADT (NYSE:ADT) last issued its quarterly earnings data 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 for 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 company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Analysts expect 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. Shareholders of record on Thursday, December 12th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio is 23.91%.

Wall Street Analyst Weigh In

ADT has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a 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.