ADT Inc. (NYSE:ADT) Shares Purchased by Innealta Capital LLC

Innealta Capital LLC boosted its holdings in shares of ADT Inc. (NYSE:ADT) by 170.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,380 shares of the security and automation business’s stock after buying an additional 22,933 shares during the period. Innealta Capital LLC’s holdings in ADT were worth $263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of ADT by 10.7% during the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock worth $237,930,000 after buying an additional 3,427,575 shares during the period. Ariel Investments LLC grew its holdings in ADT by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock worth $230,740,000 after acquiring an additional 780,762 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of ADT in the 2nd quarter valued at approximately $195,461,000. Dimensional Fund Advisors LP raised its holdings in shares of ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock valued at $93,937,000 after purchasing an additional 4,705,544 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of ADT by 186.0% during the 2nd quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after purchasing an additional 6,272,974 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ADT. The Goldman Sachs Group raised their price target on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their target price on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th.

ADT Price Performance

Shares of ADT opened at $7.25 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 1-year low of $5.63 and a 1-year high of $8.25. The stock has a market cap of $6.58 billion, a PE ratio of 7.88 and a beta of 1.52. The firm has a fifty day moving average price of $7.18 and a 200 day moving average price of $7.21.

ADT (NYSE:ADT) last announced its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. As a group, sell-side analysts anticipate that ADT Inc. will post 0.7 EPS for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.03%. ADT’s payout ratio is 23.91%.

ADT 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.