Stifel Financial Corp Has $1.74 Million Stock Position in ADT Inc. (NYSE:ADT)

Stifel Financial Corp raised its position in shares of ADT Inc. (NYSE:ADT - Free Report) by 110.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,187 shares of the security and automation business's stock after purchasing an additional 132,327 shares during the quarter. Stifel Financial Corp's holdings in ADT were worth $1,743,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc raised its position in shares of ADT by 9.9% in the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after purchasing an additional 1,358 shares during the period. Federated Hermes Inc. lifted its position in shares of ADT by 15.8% in the 4th 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. Highland Capital Management LLC raised its stake in shares of ADT by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock valued at $204,000 after buying an additional 1,810 shares in the last quarter. Wells Fargo & Company MN lifted its stake in ADT by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock worth $248,000 after purchasing an additional 2,113 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in ADT by 15.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,540 shares of the security and automation business's stock valued at $170,000 after buying an additional 3,366 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports 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 report on Monday, April 21st. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $7.00 to $9.00 in a research report on Friday, April 4th.

ADT Stock Up 1.4%

ADT stock traded up $0.12 during midday trading on Monday, reaching $8.45. The stock had a trading volume of 2,560,250 shares, compared to its average volume of 8,624,619. The stock has a market capitalization of $7.06 billion, a P/E ratio of 9.18 and a beta of 1.29. ADT Inc. has a 1-year low of $6.53 and a 1-year high of $8.57. The firm's fifty day simple moving average is $7.90 and its 200-day simple moving average is $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 (NYSE:ADT - Get Free Report) last released its earnings results on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The firm's revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. As a group, analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, June 12th. ADT's payout ratio is 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.