Gotham Asset Management LLC Raises Stock Holdings in ADT Inc. (NYSE:ADT)

Gotham Asset Management LLC boosted its stake in ADT Inc. (NYSE:ADT - Free Report) by 30.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 855,208 shares of the security and automation business's stock after purchasing an additional 201,840 shares during the quarter. Gotham Asset Management LLC owned about 0.09% of ADT worth $5,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sei Investments Co. raised its holdings in shares of ADT by 1,132.1% during the 4th quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock valued at $1,684,000 after buying an additional 223,922 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ADT by 13.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after buying an additional 609,842 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock valued at $3,505,000 after buying an additional 100,134 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of ADT by 46.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,838 shares of the security and automation business's stock valued at $904,000 after purchasing an additional 41,682 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of ADT in the 4th quarter valued at $153,824,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and upped their price objective for the company 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 price objective on shares of ADT in a report on Monday, April 21st.

Insiders Place Their Bets

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $8.02, for a total value of $401,000,000.00. Following the completion of the sale, the insider now directly owns 228,650,366 shares in the company, valued at $1,833,775,935.32. This trade represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.70% of the company's stock.

ADT Trading Up 1.5%

Shares of NYSE:ADT traded up $0.13 during trading on Friday, reaching $8.60. 16,530,939 shares of the company traded hands, compared to its average volume of 8,949,567. The business's fifty day moving average is $7.98 and its 200-day moving average is $7.60. ADT Inc. has a 52-week low of $6.53 and a 52-week high of $8.71. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.35 and a beta of 1.29. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT (NYSE:ADT - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The firm 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. This represents a $0.22 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, June 12th. ADT's dividend payout ratio (DPR) is currently 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.