Sound Income Strategies LLC Buys 217,377 Shares of ADT Inc. (NYSE:ADT)

Sound Income Strategies LLC boosted its position in shares of ADT Inc. (NYSE:ADT) by 61.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 572,561 shares of the security and automation business’s stock after buying an additional 217,377 shares during the quarter. Sound Income Strategies LLC’s holdings in ADT were worth $3,956,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ADT. Abich Financial Wealth Management LLC purchased a new position in shares of ADT during the 3rd quarter worth about $70,000. Capstone Investment Advisors LLC bought a new stake in ADT in the third quarter worth about $76,000. KBC Group NV boosted its position in shares of ADT by 46.9% during the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock valued at $76,000 after buying an additional 3,375 shares during the period. Creative Planning bought a new position in shares of ADT during the third quarter valued at approximately $78,000. Finally, Claro Advisors LLC purchased a new stake in shares of ADT in the fourth quarter worth approximately $88,000. Institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADT. Morgan Stanley upped their price objective on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price target on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their price target on shares of 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

ADT opened at $7.41 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 8.05 and a beta of 1.51. The business’s fifty day simple moving average is $7.24 and its 200-day simple moving average is $7.28. ADT Inc. has a 12-month low of $6.10 and a 12-month high of $8.25.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. ADT’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. On average, equities research analysts anticipate that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

About ADT

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.