Sound Income Strategies LLC Acquires 311,421 Shares of ADT Inc. (NYSE:ADT)

Sound Income Strategies LLC lifted its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 54.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 883,982 shares of the security and automation business's stock after acquiring an additional 311,421 shares during the quarter. Sound Income Strategies LLC owned approximately 0.10% of ADT worth $7,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADT. Versant Capital Management Inc bought a new position in shares of ADT during the 1st quarter worth approximately $35,000. True Wealth Design LLC acquired a new stake in ADT during the 4th quarter worth approximately $36,000. Headlands Technologies LLC acquired a new stake in ADT during the 4th quarter worth approximately $62,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ADT during the 4th quarter worth approximately $73,000. Finally, Magnetar Financial LLC acquired a new stake in ADT during the 4th quarter worth approximately $73,000. 87.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ADT

In other news, major shareholder Apollo Management Holdings Gp, sold 45,000,000 shares of ADT stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $8.27, for a total value of $372,150,000.00. Following the transaction, the insider now owns 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

ADT Price Performance

NYSE ADT traded down $0.14 during midday trading on Friday, hitting $8.10. The company had a trading volume of 10,050,018 shares, compared to its average volume of 10,196,941. The company has a market capitalization of $6.77 billion, a PE ratio of 8.80 and a beta of 1.23. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The firm has a 50-day moving average price of $8.16 and a 200-day moving average price of $7.71. ADT Inc. has a twelve month low of $6.53 and a twelve month high of $8.72.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be issued a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 annualized dividend and a yield of 2.72%. ADT's dividend payout ratio is presently 37.93%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target on shares of ADT in a report on Monday, April 21st. Barclays raised ADT from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

ADT Company 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.