Boston Partners Has $1.56 Million Position in ADT Inc. $ADT

Boston Partners decreased its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 23.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,302 shares of the security and automation business's stock after selling 60,198 shares during the period. Boston Partners' holdings in ADT were worth $1,557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in ADT during the first quarter worth about $35,000. True Wealth Design LLC bought a new position in shares of ADT in the fourth quarter valued at approximately $36,000. Federated Hermes Inc. raised its stake in shares of ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after acquiring an additional 1,449 shares during the last quarter. Northwest Wealth Management LLC bought a new position in shares of ADT in the first quarter valued at approximately $87,000. Finally, Quarry LP bought a new position in shares of ADT in the fourth quarter valued at approximately $80,000. Institutional investors own 87.22% of the company's stock.

ADT Stock Performance

Shares of ADT stock opened at $8.70 on Monday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The firm has a market cap of $7.23 billion, a P/E ratio of 13.18 and a beta of 1.20. The firm has a 50 day simple moving average of $8.41 and a 200 day simple moving average of $8.10. ADT Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $8.81.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. ADT's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. Sell-side analysts predict that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT's dividend payout ratio (DPR) is currently 33.33%.

Insider Buying and Selling at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the sale, the insider owned 112,650,366 shares of the company's stock, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADT. Zacks Research upgraded shares of ADT to a "strong-buy" rating in a research note on Tuesday, August 12th. Morgan Stanley lifted their target price on shares of ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Wall Street Zen cut shares of ADT from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, ADT presently has a consensus rating of "Moderate Buy" and an average price target of $9.18.

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.

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