Sumitomo Mitsui Trust Group Inc. Makes New Investment in ADT Inc. $ADT

Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of ADT Inc. (NYSE:ADT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,200 shares of the security and automation business’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new position in ADT during the 2nd quarter worth about $188,000. Ethic Inc. lifted its position in shares of ADT by 99.6% in the 2nd quarter. Ethic Inc. now owns 137,843 shares of the security and automation business’s stock worth $1,162,000 after purchasing an additional 68,785 shares during the period. Parcion Private Wealth LLC boosted its stake in shares of ADT by 18.9% during the second quarter. Parcion Private Wealth LLC now owns 15,586 shares of the security and automation business’s stock valued at $132,000 after purchasing an additional 2,477 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of ADT during the second quarter valued at approximately $233,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in ADT during the second quarter valued at approximately $750,000. 87.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Citigroup upped their price objective on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Morgan Stanley raised their price objective on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ADT in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.38.

ADT Trading Up 1.2%

Shares of ADT stock opened at $8.85 on Friday. The stock has a market cap of $7.35 billion, a PE ratio of 13.40 and a beta of 1.05. The firm has a fifty day moving average price of $8.68 and a 200 day moving average price of $8.46. ADT Inc. has a 1 year low of $6.71 and a 1 year high of $8.94. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37.

ADT (NYSE:ADT) last announced its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) earnings per share for the quarter. The company had revenue of $1.31 billion for the quarter. ADT had a return on equity of 18.58% and a net margin of 12.30%. Equities research analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

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.