ADT Inc. (NYSE:ADT) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its position in ADT Inc. (NYSE:ADT) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,369 shares of the security and automation business’s stock after selling 4,064 shares during the quarter. Quantinno Capital Management LP’s holdings in ADT were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADT. Pacer Advisors Inc. grew its holdings in shares of ADT by 20.3% in the third 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. BNP Paribas Financial Markets grew its stake in shares of ADT by 911.6% in the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after acquiring an additional 176,454 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of ADT during the second quarter worth $3,226,000. The Manufacturers Life Insurance Company raised its stake in shares of ADT by 3.7% in the second 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 acquiring an additional 6,078 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in ADT in the second quarter valued at $1,143,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price objective on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price target 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. Finally, Morgan Stanley increased their price objective on shares of ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday.

ADT Price Performance

ADT stock opened at $7.20 on Friday. The business has a 50 day moving average price of $7.38 and a 200 day moving average price of $7.35. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 7.83 and a beta of 1.49. ADT Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $8.25.

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

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio (DPR) is currently 23.91%.

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.