Sanctuary Advisors LLC Boosts Stock Holdings in ADT Inc. (NYSE:ADT)

Sanctuary Advisors LLC lifted its holdings in ADT Inc. (NYSE:ADT) by 10.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,745 shares of the security and automation business’s stock after purchasing an additional 2,112 shares during the period. Sanctuary Advisors LLC’s holdings in ADT were worth $164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of ADT during the second quarter valued at about $26,000. Altshuler Shaham Ltd bought a new position in shares of ADT during the 2nd quarter worth approximately $30,000. Abich Financial Wealth Management LLC purchased a new stake in ADT during the third quarter valued at approximately $70,000. KBC Group NV boosted its stake in ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock valued at $76,000 after acquiring an additional 3,375 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in ADT in the third quarter worth $76,000. 87.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

ADT Trading Down 1.1 %

Shares of NYSE:ADT opened at $6.89 on Tuesday. The company has a market capitalization of $6.25 billion, a PE ratio of 7.49 and a beta of 1.49. ADT Inc. has a 12-month low of $6.02 and a 12-month high of $8.25. The business has a 50 day moving average of $7.37 and a two-hundred day moving average of $7.32. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT (NYSE:ADT) last announced its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The firm 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 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is currently 23.91%.

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.