ADT Inc. (NYSE:ADT) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC cut its holdings in shares of ADT Inc. (NYSE:ADT) by 8.9% in the 2nd quarter, Holdings Channel reports. The firm owned 66,793 shares of the security and automation business’s stock after selling 6,494 shares during the period. Gallacher Capital Management LLC’s holdings in ADT were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ADT. Raleigh Capital Management Inc. acquired a new stake in shares of ADT during the 4th quarter valued at $36,000. Duncker Streett & Co. Inc. purchased a new stake in shares of ADT during the second quarter valued at $38,000. Diversify Advisory Services LLC purchased a new stake in shares of ADT during the second quarter valued at $76,000. TFB Advisors LLC purchased a new stake in shares of ADT during the first quarter valued at $77,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of ADT in the 2nd quarter valued at $77,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Trading Down 3.3 %

ADT stock opened at $7.01 on Friday. The company has a 50 day moving average price of $7.39 and a 200 day moving average price of $7.06. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. ADT Inc. has a 52 week low of $5.53 and a 52 week high of $7.92. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 10.01 and a beta of 1.54.

ADT (NYSE:ADT) last issued its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. ADT’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Research analysts forecast that ADT Inc. will post 0.62 EPS for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.14%. ADT’s dividend payout ratio is 31.43%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd.

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.