Norges Bank Takes Position in ADT Inc. (NYSE:ADT)

Norges Bank bought a new stake in shares of ADT Inc. (NYSE:ADTFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,447,163 shares of the security and automation business’s stock, valued at approximately $9,870,000. Norges Bank owned 0.16% of ADT at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ADT. Pacer Advisors Inc. boosted its stake in shares of ADT by 21.3% during the fourth quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock valued at $106,577,000 after purchasing an additional 2,740,447 shares during the period. William Blair Investment Management LLC boosted its stake in shares of ADT by 90.6% during the third quarter. William Blair Investment Management LLC now owns 3,741,873 shares of the security and automation business’s stock valued at $22,451,000 after purchasing an additional 1,778,262 shares during the period. Ariel Investments LLC boosted its stake in shares of ADT by 5.3% during the third quarter. Ariel Investments LLC now owns 22,429,407 shares of the security and automation business’s stock valued at $134,576,000 after purchasing an additional 1,127,309 shares during the period. Nordea Investment Management AB bought a new stake in shares of ADT in the fourth quarter valued at about $6,696,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of ADT by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,587,542 shares of the security and automation business’s stock valued at $51,748,000 after acquiring an additional 741,658 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on ADT shares. Barclays decreased their price objective on ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on ADT from $7.50 to $8.30 and gave the company a “buy” rating in a report on Thursday, February 29th.

Check Out Our Latest Analysis on ADT

ADT Stock Performance

Shares of ADT stock opened at $7.36 on Thursday. The company has a market capitalization of $6.79 billion, a PE ratio of 10.51 and a beta of 1.57. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.56 and a current ratio of 0.71. The company has a 50-day simple moving average of $6.76 and a two-hundred day simple moving average of $6.62. ADT Inc. has a one year low of $5.53 and a one year high of $7.60.

ADT (NYSE:ADTGet Free Report) last announced its earnings results on Thursday, April 25th. The security and automation business reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. ADT had a net margin of 12.81% and a return on equity of 15.98%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. Research analysts expect that ADT Inc. will post 0.67 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be issued a $0.055 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.99%. ADT’s dividend payout ratio is presently 31.43%.

ADT Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ADT (NYSE:ADT)

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