BNP Paribas Financial Markets Acquires 176,454 Shares of ADT Inc. (NYSE:ADT)

BNP Paribas Financial Markets increased its position in ADT Inc. (NYSE:ADT - Free Report) by 911.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,810 shares of the security and automation business's stock after acquiring an additional 176,454 shares during the quarter. BNP Paribas Financial Markets' holdings in ADT were worth $1,416,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in ADT in the 2nd quarter worth about $26,000. Altshuler Shaham Ltd purchased a new stake in ADT in the second quarter valued at approximately $30,000. Duncker Streett & Co. Inc. bought a new stake in ADT during the second quarter valued at approximately $38,000. Abich Financial Wealth Management LLC bought a new stake in ADT during the third quarter valued at approximately $70,000. Finally, Checchi Capital Advisers LLC purchased a new position in ADT in the 2nd quarter worth approximately $77,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of ADT from $8.20 to $9.20 and gave the company a "buy" rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on ADT from $8.00 to $9.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th.

ADT Price Performance

ADT traded down $0.12 during midday trading on Monday, hitting $7.41. The stock had a trading volume of 3,959,234 shares, compared to its average volume of 5,340,685. The company has a market cap of $6.72 billion, a P/E ratio of 8.05 and a beta of 1.49. ADT Inc. has a 1 year low of $6.02 and a 1 year high of $8.25. The business has a fifty day moving average of $7.37 and a 200 day moving average of $7.35. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) 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 net margin of 18.18% and a return on equity of 17.77%. The firm's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, equities analysts forecast 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 issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend 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.