Arnhold LLC Decreases Position in ADT Inc. (NYSE:ADT)

Arnhold LLC reduced its position in ADT Inc. (NYSE:ADT - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,378,753 shares of the security and automation business's stock after selling 135,448 shares during the period. Arnhold LLC owned 0.15% of ADT worth $9,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of ADT during the fourth quarter worth about $62,000. Chicago Partners Investment Group LLC bought a new stake in shares of ADT during the 4th quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ADT during the 4th quarter valued at about $73,000. Magnetar Financial LLC bought a new stake in shares of ADT during the 4th quarter valued at about $73,000. Finally, Federated Hermes Inc. boosted its stake in shares of ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

ADT Stock Down 0.6 %

NYSE ADT traded down $0.05 during trading hours on Wednesday, reaching $7.93. 11,194,191 shares of the company's stock traded hands, compared to its average volume of 8,080,508. ADT Inc. has a 52-week low of $6.42 and a 52-week high of $8.39. The firm has a market cap of $6.95 billion, a PE ratio of 8.62 and a beta of 1.42. The firm has a 50-day simple moving average of $7.82 and a 200 day simple moving average of $7.50. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the company posted $0.16 EPS. ADT's revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal 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. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a yield of 2.77%. ADT's dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADT shares. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 target price on shares of ADT in a research note on Monday, April 21st.

ADT Company 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.