ADT Inc. (NYSE:ADT) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of ADT Inc. (NYSE:ADT) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,052 shares of the security and automation business’s stock after purchasing an additional 19,920 shares during the period. Tidal Investments LLC’s holdings in ADT were worth $803,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of ADT by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after buying an additional 1,343 shares in the last quarter. Sanctuary Advisors LLC raised its position in ADT by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after acquiring an additional 2,112 shares in the last quarter. Highland Capital Management LLC lifted its holdings in ADT by 10.1% in the 3rd quarter. Highland Capital Management LLC now owns 27,643 shares of the security and automation business’s stock valued at $200,000 after acquiring an additional 2,542 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of ADT by 12.9% during the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after purchasing an additional 3,054 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of ADT by 19.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock worth $156,000 after purchasing an additional 3,311 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of 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 increased their price objective on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley raised their price objective on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

ADT Price Performance

Shares of NYSE:ADT opened at $6.83 on Friday. The company’s fifty day moving average is $7.38 and its two-hundred day moving average is $7.34. The company has a market cap of $6.19 billion, a P/E ratio of 7.42 and a beta of 1.49. ADT Inc. has a 12-month low of $6.02 and a 12-month high of $8.25. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

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

ADT Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, December 12th. ADT’s dividend payout ratio is 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.