Geode Capital Management LLC Raises Stock Holdings in ADT Inc. (NYSE:ADT)

Geode Capital Management LLC boosted its position in ADT Inc. (NYSE:ADT - Free Report) by 35.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,875,140 shares of the security and automation business's stock after buying an additional 1,543,677 shares during the quarter. Geode Capital Management LLC owned approximately 0.65% of ADT worth $42,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ADT. Pacer Advisors Inc. grew its holdings in shares of ADT by 20.3% during the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business's stock valued at $223,707,000 after purchasing an additional 5,222,972 shares during the last quarter. Ariel Investments LLC boosted its position in ADT by 2.6% during the second quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business's stock valued at $230,740,000 after buying an additional 780,762 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ADT by 61.5% during the second quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business's stock valued at $93,937,000 after buying an additional 4,705,544 shares during the last quarter. LSV Asset Management grew its stake in shares of ADT by 186.0% during the second quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business's stock valued at $73,310,000 after buying an additional 6,272,974 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of ADT by 75.0% in the second quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business's stock worth $59,755,000 after buying an additional 3,370,550 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Trading Up 1.0 %

NYSE:ADT traded up $0.07 during mid-day trading on Tuesday, reaching $6.87. 4,652,809 shares of the company's stock traded hands, compared to its average volume of 5,381,594. The company has a 50 day moving average price of $7.38 and a 200-day moving average price of $7.34. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 7.47 and a beta of 1.49. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 12-month low of $6.02 and a 12-month high of $8.25.

ADT (NYSE:ADT - Get Free Report) last posted its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. 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 firm earned $0.07 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 annualized dividend and a dividend yield of 3.20%. ADT's dividend payout ratio is 23.91%.

Analyst Upgrades and Downgrades

ADT has been the subject of several analyst reports. Morgan Stanley increased their target price on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada lifted their target price on shares of ADT from $8.00 to $9.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th.

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.