Cerity Partners LLC Boosts Stake in ADT Inc. (NYSE:ADT)

Cerity Partners LLC grew its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 136.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,659 shares of the security and automation business's stock after acquiring an additional 81,130 shares during the period. Cerity Partners LLC's holdings in ADT were worth $972,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its position in ADT by 7.5% in the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock worth $48,060,000 after buying an additional 457,918 shares during the last quarter. Geode Capital Management LLC increased its holdings in ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after acquiring an additional 1,543,677 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in ADT by 10.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business's stock worth $164,000 after acquiring an additional 2,112 shares during the last quarter. Tidal Investments LLC lifted its holdings in ADT by 21.9% during 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 last quarter. Finally, Franklin Resources Inc. bought a new position in ADT during the third quarter worth about $339,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

ADT Price Performance

Shares of ADT stock traded up $0.01 during trading hours on Thursday, reaching $7.92. The stock had a trading volume of 6,705,906 shares, compared to its average volume of 7,823,514. The stock's fifty day simple moving average is $7.79 and its 200 day simple moving average is $7.47. The firm has a market capitalization of $6.94 billion, a PE ratio of 8.56 and a beta of 1.42. ADT Inc. has a 12 month low of $6.25 and a 12 month high of $8.39. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.19 EPS for the quarter, missing 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%. On average, equities research analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were issued a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.78%. ADT's payout ratio is currently 41.51%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADT. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 target price on shares of ADT in a research report on Monday.

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.