Bridgewater Associates LP Has $4.09 Million Holdings in ADT Inc. (NYSE:ADT)

Bridgewater Associates LP lifted its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 220.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 566,077 shares of the security and automation business's stock after acquiring an additional 389,442 shares during the quarter. Bridgewater Associates LP owned about 0.06% of ADT worth $4,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADT. The Manufacturers Life Insurance Company grew its position in ADT by 0.8% in the third 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 during the last quarter. Highland Capital Management LLC grew its position in ADT by 10.1% in the third quarter. Highland Capital Management LLC now owns 27,643 shares of the security and automation business's stock worth $200,000 after buying an additional 2,542 shares during the last quarter. New York State Teachers Retirement System grew its position in ADT by 12.9% in the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business's stock worth $193,000 after buying an additional 3,054 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in ADT by 19.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business's stock worth $156,000 after buying an additional 3,311 shares during the last quarter. Finally, KBC Group NV grew its position in ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business's stock worth $76,000 after buying an additional 3,375 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Upgrades and Downgrades

ADT has been the topic of several recent research reports. 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 report on Friday, October 25th. The Goldman Sachs Group lifted their price target on shares of ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a research report on Friday, October 25th.

ADT Trading Down 0.5 %

NYSE ADT traded down $0.04 on Friday, hitting $7.62. 2,341,594 shares of the stock were exchanged, compared to its average volume of 5,377,490. ADT Inc. has a 52-week low of $5.79 and a 52-week high of $8.25. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.52. The company's 50-day moving average price is $7.33 and its two-hundred day moving average price is $7.34.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the company posted $0.07 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.89%. 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.