Dimensional Fund Advisors LP boosted its position in shares of ADT Inc. (NYSE:ADT – Free Report) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,980,889 shares of the security and automation business’s stock after purchasing an additional 2,111,701 shares during the period. Dimensional Fund Advisors LP owned approximately 4.09% of ADT worth $295,980,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in ADT during the third quarter worth $25,000. Quent Capital LLC acquired a new position in shares of ADT in the 3rd quarter valued at $28,000. WPG Advisers LLC lifted its stake in shares of ADT by 54.3% in the 3rd quarter. WPG Advisers LLC now owns 4,091 shares of the security and automation business’s stock valued at $36,000 after purchasing an additional 1,440 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of ADT by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock worth $37,000 after purchasing an additional 1,240 shares during the period. Finally, Bfsg LLC grew its holdings in shares of ADT by 400.0% during the 3rd quarter. Bfsg LLC now owns 5,000 shares of the security and automation business’s stock worth $44,000 after purchasing an additional 4,000 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.
ADT Price Performance
ADT stock opened at $6.55 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.93 and a debt-to-equity ratio of 1.95. ADT Inc. has a 52-week low of $6.41 and a 52-week high of $8.94. The firm has a market cap of $5.37 billion, a PE ratio of 9.92 and a beta of 1.00. The company’s 50 day moving average is $7.90 and its two-hundred day moving average is $8.25.
ADT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.055 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.22 annualized dividend and a yield of 3.4%. ADT’s dividend payout ratio is 33.33%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on ADT shares. Barclays reaffirmed an “underweight” rating and set a $7.00 target price on shares of ADT in a research note on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $10.40 price target on shares of ADT in a research note on Monday. Zacks Research raised shares of ADT from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Wall Street Zen downgraded shares of ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Citigroup cut their target price on ADT from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ADT currently has an average rating of “Hold” and a consensus price target of $8.38.
View Our Latest Stock Analysis on ADT
ADT Profile
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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