Natixis Takes Position in ADT Inc. (NYSE:ADT)

Natixis acquired a new position in ADT Inc. (NYSE:ADT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,271 shares of the security and automation business’s stock, valued at approximately $168,000.

A number of other hedge funds have also bought and sold shares of ADT. Sanctuary Advisors LLC boosted its holdings in shares of ADT by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after acquiring an additional 2,112 shares during the period. Tidal Investments LLC lifted its holdings in ADT by 21.9% during the 3rd quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business’s stock worth $803,000 after purchasing an additional 19,920 shares in the last quarter. Franklin Resources Inc. bought a new position in ADT in the 3rd quarter worth about $339,000. JPMorgan Chase & Co. grew its holdings in ADT by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after buying an additional 100,134 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of ADT by 4.7% during the fourth quarter. Nordea Investment Management AB now owns 1,354,766 shares of the security and automation business’s stock valued at $9,470,000 after buying an additional 60,327 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Stock Performance

Shares of ADT opened at $7.75 on Friday. ADT Inc. has a 12-month low of $6.25 and a 12-month high of $8.39. 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 cap of $6.79 billion, a PE ratio of 8.42 and a beta of 1.42. The stock has a 50-day moving average price of $7.80 and a 200-day moving average price of $7.48.

ADT (NYSE:ADT) last announced its earnings results on Thursday, April 24th. The security and automation business reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). ADT had a net margin of 18.18% and a return on equity of 17.77%. As a group, equities analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were given a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.84%. ADT’s dividend payout ratio (DPR) is presently 41.51%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADT shares. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $7.00 to $9.00 in a research report on Friday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price target on shares of ADT in a report on Monday.

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.