Russell Investments Group Ltd. acquired a new position in shares of ADT Inc (NYSE:ADT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 342,750 shares of the security and automation business’s stock, valued at approximately $2,714,000.
Several other institutional investors and hedge funds have also modified their holdings of ADT. BlackRock Inc. purchased a new position in shares of ADT during the 1st quarter worth approximately $38,679,000. Thornburg Investment Management Inc. purchased a new position in shares of ADT during the 1st quarter worth approximately $34,375,000. JPMorgan Chase & Co. purchased a new position in shares of ADT during the 1st quarter worth approximately $7,821,000. Northern Trust Corp purchased a new position in shares of ADT during the 1st quarter worth approximately $5,790,000. Finally, Engineers Gate Manager LP purchased a new position in shares of ADT during the 1st quarter worth approximately $3,148,000. 97.78% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of ADT from $17.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 25th. Zacks Investment Research raised shares of ADT from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, April 17th. ValuEngine raised shares of ADT from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley dropped their price objective on shares of ADT from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, March 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.00.
ADT stock opened at $8.05 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 2.02. ADT Inc has a one year low of $6.93 and a one year high of $13.02.
ADT (NYSE:ADT) last released its earnings results on Wednesday, May 9th. The security and automation business reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.27). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. ADT’s revenue was up 5.4% compared to the same quarter last year. equities analysts predict that ADT Inc will post 0.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Monday, June 25th will be paid a $0.035 dividend. The ex-dividend date is Friday, June 22nd. This represents a $0.14 annualized dividend and a yield of 1.74%. ADT’s payout ratio is currently -40.00%.
In other news, Director Andrew Africk bought 130,000 shares of the stock in a transaction on Monday, May 14th. The stock was purchased at an average cost of $7.46 per share, with a total value of $969,800.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.
Want to see what other hedge funds are holding ADT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ADT Inc (NYSE:ADT).
Receive News & Ratings for ADT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADT and related companies with MarketBeat.com's FREE daily email newsletter.