ADT Inc. (NYSE:ADT) Short Interest Down 34.3% in November

ADT Inc. (NYSE:ADT - Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 14,230,000 shares, a decline of 34.3% from the October 31st total of 21,650,000 shares. Currently, 3.0% of the company's stock are short sold. Based on an average daily volume of 6,220,000 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Ratings Changes

Several brokerages have commented on ADT. The Goldman Sachs Group increased their price target 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 upped their target price on shares of ADT from $8.00 to $9.00 and gave the company a "sector perform" rating in a report on Friday, October 25th.

ADT Stock Performance

Shares of ADT stock traded down $0.04 on Friday, hitting $7.62. The stock had a trading volume of 2,341,585 shares, compared to its average volume of 5,377,490. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.52. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT has a 52-week low of $5.79 and a 52-week high of $8.25. The company's 50 day moving average price is $7.33 and its 200 day moving average price is $7.34.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, research analysts anticipate that ADT will post 0.7 EPS for the current 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 paid a $0.055 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.89%. ADT's dividend payout ratio is presently 23.91%.

Institutional Investors Weigh In On ADT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. purchased a new stake in ADT during the 3rd quarter valued at approximately $339,000. Tidal Investments LLC raised its position in ADT by 21.9% during the 3rd quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business's stock worth $803,000 after buying an additional 19,920 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of ADT by 10.8% in the 3rd 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 during the period. Geode Capital Management LLC lifted its stake in shares of ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after acquiring an additional 1,543,677 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of ADT by 23.8% in the third quarter. XTX Topco Ltd now owns 56,236 shares of the security and automation business's stock valued at $407,000 after acquiring an additional 10,804 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

About ADT

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.