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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. grew its stake in shares of ADT by 1,132.1% in 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of ADT by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock worth $36,341,000 after buying an additional 609,842 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ADT by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business's stock worth $3,505,000 after buying an additional 100,134 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of ADT by 46.8% during 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 acquiring an additional 41,682 shares during the period. Finally, Norges Bank purchased a new position in shares of ADT during the 4th quarter valued at $153,824,000. 87.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

ADT Price Performance

NYSE:ADT traded up $0.03 during mid-day trading on Friday, reaching $8.33. The stock had a trading volume of 19,442,806 shares, compared to its average volume of 8,642,102. The stock has a market capitalization of $6.97 billion, a P/E ratio of 9.05 and a beta of 1.29. The firm has a 50 day moving average price of $7.90 and a two-hundred day moving average price of $7.57. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a one year low of $6.53 and a one year high of $8.44.

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, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. As a group, analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders 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 dividend yield of 2.64%. ADT's dividend payout ratio 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.