Raymond James Financial Inc. Makes New $1.15 Million Investment in ADT Inc. (NYSE:ADT)

Raymond James Financial Inc. purchased a new position in ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 166,865 shares of the security and automation business's stock, valued at approximately $1,153,000.

Several other hedge funds have also recently modified their holdings of ADT. Headlands Technologies LLC bought a new stake in ADT in the 4th quarter worth approximately $62,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ADT during the fourth quarter valued at $73,000. Magnetar Financial LLC bought a new position in ADT in the fourth quarter valued at about $73,000. Federated Hermes Inc. boosted its position in ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after purchasing an additional 1,449 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in ADT in the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 87.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ADT shares. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $7.00 to $9.00 in a research note on Friday, April 4th. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research note on Monday, April 21st.

ADT Price Performance

NYSE ADT traded up $0.01 on Thursday, reaching $8.29. The company had a trading volume of 25,443,584 shares, compared to its average volume of 8,538,656. The firm's 50 day moving average price is $7.87 and its 200 day moving average price is $7.55. ADT Inc. has a 12 month low of $6.53 and a 12 month high of $8.44. The stock has a market capitalization of $6.93 billion, a PE ratio of 9.01 and a beta of 1.29. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

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

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, June 12th. ADT's dividend payout ratio is presently 37.93%.

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.