State Street Corp Raises Stock Position in ADT Inc. (NYSE:ADT)

State Street Corp boosted its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,597,684 shares of the security and automation business's stock after buying an additional 457,918 shares during the period. State Street Corp owned 0.73% of ADT worth $48,060,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ADT. Pacer Advisors Inc. raised its position in shares of ADT by 20.3% in the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business's stock valued at $223,707,000 after buying an additional 5,222,972 shares during the last quarter. Ariel Investments LLC grew its stake in ADT by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business's stock valued at $230,740,000 after acquiring an additional 780,762 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ADT by 61.5% in the 2nd 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 acquiring an additional 4,705,544 shares during the last quarter. LSV Asset Management lifted its stake in ADT by 186.0% in the 2nd quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business's stock worth $73,310,000 after purchasing an additional 6,272,974 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of ADT by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business's stock worth $59,755,000 after purchasing an additional 3,370,550 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Trading Up 0.6 %

ADT stock traded up $0.04 during midday trading on Friday, hitting $6.83. 14,145,085 shares of the company's stock were exchanged, compared to its average volume of 5,390,116. ADT Inc. has a 1-year low of $6.02 and a 1-year high of $8.25. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $6.19 billion, a PE ratio of 7.42 and a beta of 1.49. The business has a 50-day simple moving average of $7.38 and a two-hundred day simple moving average of $7.35.

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, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. ADT's revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. On average, sell-side analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.22%. ADT's payout ratio is currently 23.91%.

Analyst Ratings Changes

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

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.