Dimensional Fund Advisors LP Has $148.25 Million Stock Holdings in ADT Inc. (NYSE:ADT)

Dimensional Fund Advisors LP increased its stake in shares of ADT Inc. (NYSE:ADT - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,453,811 shares of the security and automation business's stock after purchasing an additional 5,089,056 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.37% of ADT worth $148,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in shares of ADT by 10.8% during the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business's stock worth $164,000 after buying an additional 2,112 shares in the last quarter. Tidal Investments LLC grew its position in ADT by 21.9% during the 3rd quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business's stock worth $803,000 after acquiring an additional 19,920 shares during the last quarter. Franklin Resources Inc. acquired a new position in ADT in the 3rd quarter worth about $339,000. JPMorgan Chase & Co. raised its position in ADT by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock valued at $3,505,000 after purchasing an additional 100,134 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in ADT by 4.7% in the fourth quarter. Nordea Investment Management AB now owns 1,354,766 shares of the security and automation business's stock valued at $9,470,000 after purchasing an additional 60,327 shares during the last quarter. Institutional investors own 87.22% of the company's stock.

Analyst Ratings Changes

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

ADT Trading Up 0.4 %

ADT traded up $0.03 during midday trading on Wednesday, hitting $8.01. 21,982,116 shares of the company were exchanged, compared to its average volume of 8,129,856. The firm's 50 day moving average price is $7.84 and its 200-day moving average price is $7.51. ADT Inc. has a 1-year low of $6.42 and a 1-year high of $8.39. The firm has a market capitalization of $7.02 billion, a P/E ratio of 8.71 and a beta of 1.42. 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 - 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 company 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 firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. As a group, equities analysts forecast that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio is currently 37.93%.

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.