ADT Inc. (NYSE:ADT) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in ADT Inc. (NYSE:ADT - Free Report) by 12.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,649,347 shares of the security and automation business's stock after purchasing an additional 518,515 shares during the period. Charles Schwab Investment Management Inc. owned 0.51% of ADT worth $33,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Highland Capital Management LLC grew its stake 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 purchasing an additional 2,542 shares in the last quarter. New York State Teachers Retirement System grew its stake 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 purchasing an additional 3,054 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake 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 purchasing an additional 3,311 shares in the last quarter. KBC Group NV grew its stake 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 purchasing an additional 3,375 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in ADT in the second quarter worth about $26,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ADT shares. Royal Bank of Canada lifted their target price on ADT from $8.00 to $9.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their target price on ADT from $8.20 to $9.20 and gave the company a "buy" rating in a research note on Friday, October 25th.

ADT Stock Performance

Shares of NYSE ADT traded up $0.07 during midday trading on Wednesday, hitting $7.59. 4,134,293 shares of the company's stock were exchanged, compared to its average volume of 5,363,944. 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 stock's 50 day moving average price is $7.35 and its 200-day moving average price is $7.34. The firm has a market cap of $6.88 billion, a P/E ratio of 8.17 and a beta of 1.49. ADT Inc. has a twelve month low of $6.02 and a twelve month high of $8.25.

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 (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The business's revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities research analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.90%. ADT's dividend payout ratio is presently 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.