Nordea Investment Management AB Purchases New Shares in ADT Inc. (NYSE:ADT)

Nordea Investment Management AB acquired a new stake in shares of ADT Inc. (NYSE:ADT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 987,548 shares of the security and automation business's stock, valued at approximately $6,696,000. Nordea Investment Management AB owned approximately 0.11% of ADT as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sei Investments Co. boosted its stake in shares of ADT by 13.9% during the third quarter. Sei Investments Co. now owns 14,402 shares of the security and automation business's stock valued at $86,000 after purchasing an additional 1,758 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of ADT by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 17,733 shares of the security and automation business's stock valued at $106,000 after purchasing an additional 1,784 shares in the last quarter. Inceptionr LLC boosted its stake in shares of ADT by 2.1% during the second quarter. Inceptionr LLC now owns 99,209 shares of the security and automation business's stock valued at $598,000 after purchasing an additional 2,044 shares in the last quarter. National Bank of Canada FI lifted its position in ADT by 33.3% during the third quarter. National Bank of Canada FI now owns 8,301 shares of the security and automation business's stock valued at $50,000 after acquiring an additional 2,075 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in ADT by 11.6% during the fourth quarter. HighTower Advisors LLC now owns 20,646 shares of the security and automation business's stock valued at $187,000 after acquiring an additional 2,139 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays decreased their target price on shares of ADT from $8.00 to $7.00 and set an "underweight" rating for the company in a research report on Friday. The Goldman Sachs Group increased their target price on shares of ADT from $7.50 to $8.30 and gave the company a "buy" rating in a research report on Thursday, February 29th.

ADT Stock Down 3.8 %

NYSE:ADT traded down $0.25 during midday trading on Friday, reaching $6.39. 10,990,481 shares of the stock traded hands, compared to its average volume of 10,698,947. ADT Inc. has a 12-month low of $4.89 and a 12-month high of $7.60. The business has a 50-day moving average of $6.66 and a two-hundred day moving average of $6.37. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68. The stock has a market capitalization of $5.89 billion, a PE ratio of 12.78 and a beta of 1.58.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.25 billion. ADT had a net margin of 8.69% and a return on equity of 14.85%. The business's quarterly revenue was down 27.1% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. On average, equities analysts forecast that ADT Inc. will post 0.67 earnings per share for the current fiscal year.

ADT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 14th will be issued a $0.055 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from ADT's previous quarterly dividend of $0.04. ADT's dividend payout ratio (DPR) is currently 44.00%.

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.