Invesco Ltd. Raises Stake in ADT Inc. (NYSE:ADT)

Invesco Ltd. grew its holdings in shares of ADT Inc. (NYSE:ADT) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,521,242 shares of the security and automation business’s stock after acquiring an additional 266,696 shares during the quarter. Invesco Ltd. owned 0.17% of ADT worth $10,512,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after acquiring an additional 1,543,677 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in ADT by 10.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after acquiring an additional 2,112 shares during the last quarter. Tidal Investments LLC raised its stake in shares of ADT by 21.9% during the third quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business’s stock valued at $803,000 after acquiring an additional 19,920 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of ADT during the third quarter worth about $339,000. Finally, JPMorgan Chase & Co. increased its holdings in ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after purchasing an additional 100,134 shares during the period. 87.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADT shares. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 target price on shares of ADT in a research note on Monday. Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

ADT Price Performance

ADT opened at $7.87 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 8.55 and a beta of 1.42. The stock has a fifty day simple moving average of $7.78 and a two-hundred day simple moving average of $7.47. ADT Inc. has a 12-month low of $6.23 and a 12-month high of $8.39.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, March 13th. ADT’s payout ratio is currently 41.51%.

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.