Dimensional Fund Advisors LP Has $93.94 Million Holdings in ADT Inc. (NYSE:ADT)

Dimensional Fund Advisors LP raised its holdings in shares of ADT Inc. (NYSE:ADT) by 61.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,359,752 shares of the security and automation business’s stock after purchasing an additional 4,705,544 shares during the period. Dimensional Fund Advisors LP’s holdings in ADT were worth $93,937,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ADT. Janney Montgomery Scott LLC grew its position in ADT by 3.0% during the first quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock valued at $510,000 after purchasing an additional 2,183 shares in the last quarter. Highland Capital Management LLC grew its holdings in shares of ADT by 13.7% during the 2nd quarter. Highland Capital Management LLC now owns 25,101 shares of the security and automation business’s stock valued at $191,000 after acquiring an additional 3,024 shares in the last quarter. TFO Wealth Partners LLC increased its stake in shares of ADT by 10,738.7% in the fourth quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock worth $211,000 after acquiring an additional 3,329 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of ADT during the second quarter worth $26,000. Finally, BNP Paribas Financial Markets boosted its position in ADT by 1.1% during the first quarter. BNP Paribas Financial Markets now owns 375,429 shares of the security and automation business’s stock valued at $2,523,000 after purchasing an additional 3,931 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut 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 Stock Down 0.7 %

ADT stock opened at $7.25 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. ADT Inc. has a 1-year low of $5.53 and a 1-year high of $7.92. The firm’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $7.08. The company has a market capitalization of $6.69 billion, a P/E ratio of 10.36 and a beta of 1.54.

ADT (NYSE:ADT) last posted its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. Sell-side analysts forecast that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.03%. ADT’s payout ratio is currently 31.43%.

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.