Pathstone Holdings LLC Grows Holdings in ADT Inc. (NYSE:ADT)

Pathstone Holdings LLC grew its stake in ADT Inc. (NYSE:ADT) by 3.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 299,431 shares of the security and automation business’s stock after acquiring an additional 10,447 shares during the period. Pathstone Holdings LLC’s holdings in ADT were worth $2,166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of ADT in the 2nd quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new stake in shares of ADT in the 2nd quarter valued at approximately $30,000. Duncker Streett & Co. Inc. purchased a new stake in shares of ADT in the 2nd quarter valued at approximately $38,000. Abich Financial Wealth Management LLC purchased a new stake in shares of ADT in the 3rd quarter valued at approximately $70,000. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of ADT in the 2nd quarter valued at approximately $77,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Trading Up 0.5 %

Shares of NYSE:ADT opened at $7.69 on Wednesday. ADT Inc. has a 52 week low of $5.63 and a 52 week high of $8.25. The company’s 50 day moving average is $7.30 and its two-hundred day moving average is $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. The company has a market cap of $6.97 billion, a PE ratio of 8.36 and a beta of 1.52.

ADT (NYSE:ADT) last announced its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating 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 company 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 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

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 given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio is presently 23.91%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADT. The Goldman Sachs Group upped their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th.

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.