Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in ADT Inc. (NYSE:ADT – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 125,646 shares of the security and automation business’s stock, valued at approximately $825,000.
Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of ADT during the 4th quarter worth $28,000. IFP Advisors Inc grew its holdings in shares of ADT by 1,759.1% in the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock worth $35,000 after acquiring an additional 3,782 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of ADT by 39.9% during the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares during the period. Fairscale Capital LLC acquired a new stake in shares of ADT during the fourth quarter worth $41,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ADT by 5,276.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,001 shares of the security and automation business’s stock valued at $87,000 after purchasing an additional 9,815 shares during the period. Institutional investors own 87.22% of the company’s stock.
ADT Price Performance
ADT opened at $7.00 on Friday. The stock has a fifty day moving average of $6.75 and a 200-day moving average of $7.17. The firm has a market capitalization of $5.13 billion, a P/E ratio of 9.99 and a beta of 1.01. ADT Inc. has a 12-month low of $6.24 and a 12-month high of $8.94. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 1.94.
ADT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 11th were issued a $0.055 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.1%. ADT’s dividend payout ratio is currently 31.43%.
Insiders Place Their Bets
In related news, EVP Kimberly Miller purchased 3,625 shares of ADT stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $6.91 per share, with a total value of $25,048.75. Following the completion of the transaction, the executive vice president directly owned 55,984 shares of the company’s stock, valued at $386,849.44. This trade represents a 6.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Joseph Houston purchased 36,450 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $6.87 per share, with a total value of $250,411.50. Following the completion of the acquisition, the director owned 74,812 shares of the company’s stock, valued at $513,958.44. This trade represents a 95.02% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 54,855 shares of company stock worth $376,172 over the last quarter. Company insiders own 3.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of ADT in a research note on Wednesday. UBS Group set a $7.50 target price on shares of ADT in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.08.
Read Our Latest Stock Analysis on ADT
ADT Company Profile
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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