Invesco Ltd. Buys 266,696 Shares of ADT Inc. (NYSE:ADT)

Invesco Ltd. increased its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,521,242 shares of the security and automation business's stock after acquiring an additional 266,696 shares during the quarter. Invesco Ltd. owned about 0.17% of ADT worth $10,512,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC bought a new position in ADT during the fourth quarter worth about $62,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ADT during the fourth quarter worth about $73,000. Magnetar Financial LLC bought a new position in ADT during the fourth quarter worth about $73,000. Federated Hermes Inc. increased its position in ADT by 15.8% during the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after acquiring an additional 1,449 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in ADT during the fourth quarter worth about $74,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ADT Price Performance

ADT stock traded up $0.11 during mid-day trading on Monday, hitting $7.96. The stock had a trading volume of 18,515,092 shares, compared to its average volume of 8,000,040. 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 Inc. has a 52 week low of $6.42 and a 52 week high of $8.39. The firm has a market capitalization of $6.98 billion, a P/E ratio of 8.65 and a beta of 1.42. The firm has a fifty day simple moving average of $7.81 and a 200 day simple moving average of $7.50.

ADT (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.25 billion. During the same period last year, the firm earned $0.16 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio (DPR) is presently 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.