First Trust Advisors LP Grows Stock Holdings in ADT Inc. (NYSE:ADT)

First Trust Advisors LP increased its holdings in ADT Inc. (NYSE:ADT - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,482,813 shares of the security and automation business's stock after buying an additional 482,883 shares during the period. First Trust Advisors LP owned 0.38% of ADT worth $24,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ADT. Headlands Technologies LLC bought a new position in ADT in the 4th quarter worth approximately $62,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ADT in the 4th quarter valued at $73,000. Magnetar Financial LLC bought a new position in ADT in the 4th quarter valued at $73,000. Federated Hermes Inc. boosted its holdings in ADT by 15.8% in the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in ADT in the 4th quarter valued at $74,000. 87.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on ADT shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $9.00 price target on shares of ADT in a report on Monday, April 21st. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Price Performance

Shares of NYSE ADT traded up $0.03 during mid-day trading on Tuesday, reaching $7.98. 21,286,455 shares of the company were exchanged, compared to its average volume of 8,052,964. ADT Inc. has a 52 week low of $6.42 and a 52 week high of $8.39. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $6.99 billion, a PE ratio of 8.67 and a beta of 1.42. The company's 50 day moving average price is $7.81 and its 200 day moving average price is $7.50.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. Sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, June 12th. ADT's payout ratio is presently 37.93%.

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.