Skandinaviska Enskilda Banken AB publ Acquires Shares of 183,092 ADT Inc. (NYSE:ADT)

Key Points

• Skandinaviska Enskilda Banken AB publ has acquired a new position in ADT Inc., purchasing 183,092 shares valued at approximately $1.49 million.
• ADT has announced a quarterly dividend of $0.055 per share, equating to an annualized dividend yield of 2.64%, with the payment date set for October 2nd.
• ADT's latest earnings report showed a net profit margin of 12.30% and revenue growth of 6.8% year-over-year, exceeding analyst expectations.

Skandinaviska Enskilda Banken AB publ purchased a new stake in ADT Inc. (NYSE:ADT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 183,092 shares of the security and automation business's stock, valued at approximately $1,490,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in ADT in the fourth quarter valued at $153,824,000. Vanguard Group Inc. lifted its stake in shares of ADT by 20.6% in the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock valued at $307,876,000 after purchasing an additional 7,610,709 shares in the last quarter. Zimmer Partners LP acquired a new position in shares of ADT in the 4th quarter valued at about $48,687,000. Dimensional Fund Advisors LP boosted its position 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 buying an additional 5,089,056 shares during the period. Finally, Victory Capital Management Inc. lifted its position in ADT by 1,647.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,346,949 shares of the security and automation business's stock worth $27,244,000 after acquiring an additional 3,155,454 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Price Performance

Shares of ADT traded up $0.03 during trading hours on Wednesday, reaching $8.37. The stock had a trading volume of 13,489,749 shares, compared to its average volume of 12,915,323. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.80. The stock has a market capitalization of $7.00 billion, a PE ratio of 12.68 and a beta of 1.21. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The company's 50-day moving average is $8.37 and its two-hundred day moving average is $7.99.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 earnings per share 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 analyst estimates of $1.28 billion. ADT had a return on equity of 18.58% and a net margin of 12.30%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Research analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.63%. ADT's dividend payout ratio (DPR) is currently 33.33%.

Insider Activity at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the sale, the insider directly owned 112,650,366 shares of the company's stock, valued at $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 166,000,000 shares of company stock worth $1,363,160,000. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ADT has been the topic of a number of recent analyst reports. Morgan Stanley set a $9.50 target price on ADT and gave the company an "equal weight" rating in a research report on Monday. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research note on Monday, April 21st. Finally, Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

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.