ADT Inc. (NYSE:ADT) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC increased its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 61.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,561 shares of the security and automation business's stock after buying an additional 217,377 shares during the period. Sound Income Strategies LLC owned about 0.06% of ADT worth $3,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of ADT in the third quarter valued at about $70,000. Capstone Investment Advisors LLC acquired a new stake in ADT in the 3rd quarter worth about $76,000. KBC Group NV boosted its holdings in ADT by 46.9% in the 3rd 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. Creative Planning purchased a new stake in ADT during the 3rd quarter worth approximately $78,000. Finally, Claro Advisors LLC acquired a new position in shares of ADT during the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Analyst Ratings Changes

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

ADT Trading Up 1.0 %

Shares of ADT stock traded up $0.07 on Friday, hitting $7.47. 3,835,543 shares of the stock traded hands, compared to its average volume of 4,768,528. ADT Inc. has a twelve month low of $6.10 and a twelve month high of $8.25. The stock has a market capitalization of $6.78 billion, a PE ratio of 8.12 and a beta of 1.51. The firm's 50-day moving average price is $7.24 and its two-hundred day moving average price is $7.28. 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 results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.07 EPS. The business's revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

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.