Victory Capital Management Inc. Has $404,000 Position in ADT Inc. (NYSE:ADT)

Victory Capital Management Inc. grew its position in shares of ADT Inc. (NYSE:ADT) by 27.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,222 shares of the security and automation business’s stock after purchasing an additional 11,549 shares during the quarter. Victory Capital Management Inc.’s holdings in ADT were worth $404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADT. Chase Investment Counsel Corp acquired a new stake in ADT during the 2nd quarter worth approximately $99,000. Range Financial Group LLC acquired a new position in shares of ADT during the second quarter worth $149,000. PARK CIRCLE Co grew its stake in shares of ADT by 27.4% in the second quarter. PARK CIRCLE Co now owns 200,446 shares of the security and automation business’s stock worth $1,523,000 after purchasing an additional 43,080 shares during the last quarter. Gries Financial LLC increased its holdings in ADT by 58.2% in the second quarter. Gries Financial LLC now owns 15,961 shares of the security and automation business’s stock valued at $121,000 after purchasing an additional 5,870 shares during the period. Finally, Rhumbline Advisers raised its position in ADT by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 247,390 shares of the security and automation business’s stock worth $1,880,000 after purchasing an additional 7,900 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

ADT Trading Up 0.7 %

ADT opened at $7.30 on Tuesday. ADT Inc. has a twelve month low of $5.53 and a twelve month high of $7.92. The company has a fifty day moving average of $7.34 and a 200-day moving average of $7.07. The stock has a market cap of $6.73 billion, a PE ratio of 10.43 and a beta of 1.54. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.15 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, September 13th. ADT’s dividend payout ratio (DPR) is 31.43%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd.

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.