Arnhold LLC Reduces Stock Position in ADT Inc. (NYSE:ADT)

Arnhold LLC lessened its holdings in shares of ADT Inc. (NYSE:ADT) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,378,753 shares of the security and automation business’s stock after selling 135,448 shares during the quarter. Arnhold LLC owned approximately 0.15% of ADT worth $9,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in ADT during the 4th quarter valued at approximately $62,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ADT in the 4th quarter worth $73,000. Magnetar Financial LLC purchased a new position in shares of ADT during the 4th quarter valued at about $73,000. Federated Hermes Inc. boosted its position in shares of ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business’s stock worth $73,000 after purchasing an additional 1,449 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new stake in ADT in the 4th quarter worth $74,000. Institutional investors own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

ADT has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $9.00 price objective on shares of ADT in a report on Monday. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Stock Down 2.1 %

ADT stock opened at $7.75 on Friday. The firm has a 50 day moving average of $7.80 and a 200 day moving average of $7.48. The stock has a market capitalization of $6.79 billion, a PE ratio of 8.42 and a beta of 1.42. ADT Inc. has a 52 week low of $6.25 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.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). ADT had a return on equity of 17.77% and a net margin of 18.18%. Sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, March 13th. ADT’s dividend payout ratio (DPR) is presently 41.51%.

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.