Price T Rowe Associates Inc. MD increased its holdings in ADT Inc. (NYSE:ADT – Free Report) by 14.6% during the first quarter, according to the company’s most recent disclosure with the Securities and Exchange Commission. The fund owned 131,678 shares of the security and automation company after purchasing an additional 16,816 shares during the same period. Price T Rowe Associates Inc. MD’s holdings in ADT were worth $886,000, according to the company’s most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their holdings in ADT. International Assets Investment Management LLC acquired a new stake in ADT shares during the 4th quarter valued at about $140,000. Mackenzie Financial Corp increased its position in shares of ADT by 794.8% during the 4th quarter. Mackenzie Financial Corp now owns 168,971 shares of the security and automation company’s stock valued at $1,152,000 after purchasing an additional 150,087 shares during the last quarter. Zürcher Kantonalbank Zürich Cantonalbank increased its stake in ADT shares by 48.4% during the 4th quarter. Zürcher Kantonalbank Zürich Cantonalbank now owns 55,362 shares of the security and automation company’s stock valued at $378,000 after purchasing an additional 18,053 shares during the same period. Illinois Municipal Retirement Fund increased its stake in ADT by 22.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 407,280 shares of the security and automation company’s stock worth $2,778,000 after acquiring an additional 73,312 shares during the period. Finally, Victory Capital Management Inc. increased its stake in ADT by 21.5% in the 4th quarter. Victory Capital Management Inc. now owns 42,818 shares of the security and automation company’s stock worth $292,000 after acquiring an additional 7,586 shares during the last quarter. 87.22% of the shares are owned by institutional investors.
Analysts set new price targets
Separately, Royal Bank of Canada cut their price target on ADT shares from $10.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd.
Read our latest stock report on ADT
ADT share performance
ADT opened at $7.22 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.56. The company has a 50-day simple moving average of $7.43 and a 200-day simple moving average of $6.97. ADT Inc. has a 1-year low of $5.53 and a 1-year high of $7.92. The company has a market cap of $6.66 billion, a P/E ratio of 10.31 and a beta of 1.59.
ADT (NYSE:ADT – Get Free Report) last announced its earnings results on Thursday, August 1. The security and automation company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. In the same quarter last year, the company reported earnings per share of $0.15. ADT’s quarterly revenue grew 3.2% year-over-year. Research analysts expect ADT Inc. to report earnings per share of $0.67 for the current year.
ADT announces dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will receive a dividend of $0.055. The ex-dividend date is Friday, September 13th. This represents an annualized dividend of $0.22 and a dividend yield of 3.05%. ADT’s payout ratio is 31.43%.
About ADT
(Free report)
ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. The company operates in two segments: residential and small business and solar. The company offers burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.
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