30,900 Shares in ADT Inc. (NYSE:ADT) Purchased by Focus Partners Wealth

Focus Partners Wealth purchased a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,900 shares of the security and automation business's stock, valued at approximately $214,000.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of ADT by 1,132.1% during the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock worth $1,684,000 after purchasing an additional 223,922 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in ADT by 13.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after buying an additional 609,842 shares during the period. Janney Montgomery Scott LLC lifted its holdings in ADT by 46.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after buying an additional 41,682 shares during the period. Norges Bank acquired a new position in ADT in the fourth quarter valued at $153,824,000. Finally, Northern Trust Corp lifted its holdings in ADT by 22.0% in the fourth quarter. Northern Trust Corp now owns 2,192,589 shares of the security and automation business's stock valued at $15,151,000 after buying an additional 394,794 shares during the period. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Stock Up 0.8%

ADT traded up $0.07 during midday trading on Tuesday, hitting $8.29. The company had a trading volume of 15,703,145 shares, compared to its average volume of 9,325,746. ADT Inc. has a 52 week low of $6.53 and a 52 week high of $8.71. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 9.01 and a beta of 1.29. The stock's 50 day moving average price is $8.08 and its 200 day moving average price is $7.64.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio (DPR) is currently 37.93%.

Insider Buying and Selling at ADT

In related news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the sale, the insider now owns 228,650,366 shares in the company, valued at $1,833,775,935.32. This represents a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ADT shares. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a report on Monday, April 21st. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and boosted their target price for the company 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.