Janney Montgomery Scott LLC increased its stake in shares of ADT Inc. (NYSE:ADT – Get Rating) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,198 shares of the security and automation business’s stock after purchasing an additional 9,681 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ADT were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can grew its holdings in ADT by 13.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 22,214 shares of the security and automation business’s stock valued at $176,000 after buying an additional 2,584 shares during the period. Utah Retirement Systems grew its holdings in ADT by 9.1% in the 2nd quarter. Utah Retirement Systems now owns 31,200 shares of the security and automation business’s stock valued at $192,000 after buying an additional 2,600 shares during the period. Legal & General Group Plc grew its holdings in ADT by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 157,062 shares of the security and automation business’s stock valued at $966,000 after buying an additional 2,976 shares during the period. Beacon Pointe Advisors LLC grew its holdings in ADT by 40.4% in the 1st quarter. Beacon Pointe Advisors LLC now owns 14,401 shares of the security and automation business’s stock valued at $109,000 after buying an additional 4,145 shares during the period. Finally, Prudential Financial Inc. grew its holdings in ADT by 25.8% in the 1st quarter. Prudential Financial Inc. now owns 21,595 shares of the security and automation business’s stock valued at $164,000 after buying an additional 4,423 shares during the period. Hedge funds and other institutional investors own 96.76% of the company’s stock.
Analyst Upgrades and Downgrades
ADT has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and issued a $11.00 price target on shares of ADT in a report on Thursday, December 1st. Morgan Stanley began coverage on ADT in a report on Monday, October 31st. They issued an “equal weight” rating and a $8.00 price target for the company.
ADT Stock Performance
ADT (NYSE:ADT – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The security and automation business reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. ADT had a positive return on equity of 1.66% and a negative net margin of 0.59%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. Equities analysts predict that ADT Inc. will post 0.45 EPS for the current year.
ADT Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Thursday, December 15th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.62%. The ex-dividend date was Wednesday, December 14th. ADT’s dividend payout ratio (DPR) is presently -350.00%.
Insider Buying and Selling
In related news, EVP Daniel Bresingham sold 257,959 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $9.60, for a total transaction of $2,476,406.40. Following the transaction, the executive vice president now directly owns 1,776,114 shares of the company’s stock, valued at approximately $17,050,694.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is currently owned by corporate insiders.
ADT, Inc engages in the provision of security, automation, and smart home solutions. Its products include security panels, security cameras, ADT mobile application, and identity theft protection. The firm also offers home security systems, fire and life safety, smart home automation, security for renters, and multifamily solutions and services.
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