Public Employees Retirement System of Ohio bought a new stake in ADT Inc. (NYSE:ADT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 160,126 shares of the security and automation business’s stock, valued at approximately $1,041,000.
Several other institutional investors also recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in shares of ADT in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. grew its holdings in ADT by 151.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock worth $33,000 after acquiring an additional 2,985 shares during the last quarter. IFP Advisors Inc increased its position in ADT by 1,759.1% in the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock valued at $35,000 after acquiring an additional 3,782 shares during the period. Osaic Holdings Inc. raised its stake in shares of ADT by 39.9% during the second quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new position in shares of ADT during the fourth quarter worth $41,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.
ADT Stock Performance
ADT opened at $7.25 on Wednesday. ADT Inc. has a 1-year low of $6.24 and a 1-year high of $8.94. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 10.21 and a beta of 1.02. The company’s fifty day moving average price is $7.24 and its two-hundred day moving average price is $7.00. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 2.14.
ADT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 3.0%. ADT’s payout ratio is 30.99%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on ADT shares. BTIG Research initiated coverage on ADT in a research report on Monday, August 17th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of ADT in a research report on Wednesday, July 15th. Finally, Morgan Stanley upped their target price on ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.23.
Get Our Latest Stock Report on ADT
About ADT
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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