Bank of New York Mellon Corp Buys 608,445 Shares of ADT Inc. (NYSE:ADT)

Bank of New York Mellon Corp grew its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 11.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,072,596 shares of the security and automation business's stock after purchasing an additional 608,445 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.69% of ADT worth $49,431,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock worth $307,876,000 after acquiring an additional 7,610,709 shares during the period. Norges Bank acquired a new position in shares of ADT in the fourth quarter worth approximately $153,824,000. Dimensional Fund Advisors LP lifted its stake in shares of ADT by 31.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business's stock worth $148,246,000 after acquiring an additional 5,089,056 shares during the period. LSV Asset Management lifted its stake in shares of ADT by 5.1% in the fourth quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business's stock worth $74,927,000 after acquiring an additional 523,333 shares during the period. Finally, Zimmer Partners LP acquired a new position in shares of ADT in the fourth quarter worth approximately $48,687,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADT has been the topic of a number of recent analyst reports. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a report on Monday, April 21st.

Insider Activity at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total transaction of $372,150,000.00. Following the completion of the sale, the insider owned 183,650,366 shares in the company, valued at $1,518,788,526.82. The trade was a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

ADT Trading Up 1.3%

ADT stock traded up $0.11 during mid-day trading on Thursday, reaching $8.51. The company's stock had a trading volume of 6,615,668 shares, compared to its average volume of 10,767,062. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 14.66 and a beta of 1.21. The business's 50 day moving average price is $8.37 and its 200 day moving average price is $7.90. The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.72.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. ADT had a return on equity of 17.23% and a net margin of 11.03%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, equities research analysts predict that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.055 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.22 annualized dividend and a dividend yield of 2.59%. ADT's dividend payout ratio is 37.93%.

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.