New York State Common Retirement Fund Acquires 35,000 Shares of ADT Inc. (NYSE:ADT)

New York State Common Retirement Fund boosted its holdings in ADT Inc. (NYSE:ADT - Free Report) by 20.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,476 shares of the security and automation business's stock after purchasing an additional 35,000 shares during the quarter. New York State Common Retirement Fund's holdings in ADT were worth $1,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in ADT in the 1st quarter valued at about $35,000. True Wealth Design LLC bought a new position in ADT in the 4th quarter valued at about $36,000. Headlands Technologies LLC bought a new position in ADT in the 4th quarter valued at about $62,000. Federated Hermes Inc. increased its holdings in ADT by 15.8% in the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after buying an additional 1,449 shares during the period. Finally, Quarry LP bought a new stake in shares of ADT during the 4th quarter valued at approximately $80,000. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Trading Down 2.4%

Shares of NYSE:ADT traded down $0.21 on Friday, hitting $8.46. The company had a trading volume of 36,543,037 shares, compared to its average volume of 11,442,185. The firm's 50-day simple moving average is $8.38 and its two-hundred day simple moving average is $7.97. ADT Inc. has a 1 year low of $6.53 and a 1 year high of $8.80. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 12.82 and a beta of 1.21.

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

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.60%. ADT's payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ADT shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price target 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 lifted their price objective for the company from $7.00 to $9.00 in a report on Friday, April 4th.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were 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 directly owned 183,650,366 shares in the company, valued at approximately $1,518,788,526.82. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company's stock.

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.