Commerce Bank Purchases 11,000 Shares of ADT Inc. (NYSE:ADT)

Commerce Bank raised its position in ADT Inc. (NYSE:ADT) by 100.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,939 shares of the security and automation business’s stock after acquiring an additional 11,000 shares during the quarter. Commerce Bank’s holdings in ADT were worth $159,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ADT. Pacer Advisors Inc. bought a new position in ADT in the second quarter valued at about $195,461,000. LSV Asset Management lifted its holdings in 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 period. Dimensional Fund Advisors LP lifted its holdings in ADT by 61.5% in the second 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 during the period. Vanguard Group Inc. lifted its holdings in ADT by 10.7% in the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after acquiring an additional 3,427,575 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in ADT by 75.0% in the second quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock valued at $59,755,000 after acquiring an additional 3,370,550 shares during the period. Institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

ADT has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised their price objective on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday, October 25th.

ADT Stock Performance

NYSE:ADT opened at $7.67 on Thursday. 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 Inc. has a 12-month low of $5.63 and a 12-month high of $8.25. The stock has a 50-day moving average price of $7.31 and a 200 day moving average price of $7.33. The stock has a market capitalization of $6.95 billion, a P/E ratio of 8.36 and a beta of 1.52.

ADT (NYSE:ADT) last released its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business posted $0.07 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio is currently 23.91%.

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.