ADT Inc. (NYSE:ADT) Shares Purchased by Fmr LLC

Fmr LLC boosted its holdings in ADT Inc. (NYSE:ADT) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,003,325 shares of the security and automation business’s stock after buying an additional 27,711 shares during the period. Fmr LLC’s holdings in ADT were worth $14,484,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in shares of ADT by 20.3% in the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after purchasing an additional 5,222,972 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of ADT by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 170,883 shares of the security and automation business’s stock valued at $1,299,000 after purchasing an additional 6,078 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of ADT in the 2nd quarter valued at about $1,143,000. Renaissance Technologies LLC acquired a new position in shares of ADT in the 2nd quarter valued at about $3,226,000. Finally, Ariel Investments LLC lifted its stake in shares of ADT by 2.6% in the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after purchasing an additional 780,762 shares in the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Stock Performance

Shares of NYSE:ADT opened at $7.34 on Wednesday. The company has a market cap of $6.65 billion, a P/E ratio of 7.97 and a beta of 1.49. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a one year low of $6.02 and a one year high of $8.25. The business’s 50-day simple moving average is $7.37 and its 200 day simple moving average is $7.35.

ADT (NYSE:ADT) last posted its quarterly earnings data 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 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 previous year, the business earned $0.07 EPS. ADT’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal 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 dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.00%. ADT’s dividend payout ratio is presently 23.91%.

Wall Street Analysts Forecast Growth

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