Voya Investment Management LLC Buys 420,453 Shares of ADT Inc. (NYSE:ADT)

Voya Investment Management LLC boosted its holdings in ADT Inc. (NYSE:ADT - Free Report) by 453.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 513,160 shares of the security and automation business's stock after acquiring an additional 420,453 shares during the period. Voya Investment Management LLC owned 0.06% of ADT worth $3,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC raised its position in shares of ADT by 21.9% in the third quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business's stock valued at $803,000 after purchasing an additional 19,920 shares during the period. JPMorgan Chase & Co. raised its holdings in ADT by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock valued at $3,505,000 after acquiring an additional 100,134 shares during the period. Nordea Investment Management AB lifted its position in ADT by 4.7% during the fourth quarter. Nordea Investment Management AB now owns 1,354,766 shares of the security and automation business's stock worth $9,470,000 after acquiring an additional 60,327 shares during the last quarter. Claro Advisors LLC bought a new stake in shares of ADT during the fourth quarter worth approximately $88,000. Finally, Pallas Capital Advisors LLC grew its position in shares of ADT by 47.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 61,319 shares of the security and automation business's stock valued at $424,000 after purchasing an additional 19,761 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Stock Performance

Shares of ADT traded up $0.13 during mid-day trading on Friday, hitting $8.14. 14,456,400 shares of the company's stock were exchanged, compared to its average volume of 8,241,294. 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 Inc. has a 52 week low of $6.53 and a 52 week high of $8.39. The stock's 50-day simple moving average is $7.86 and its 200-day simple moving average is $7.53. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 8.85 and a beta of 1.29.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. On average, equities research analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADT. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a report on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

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.