Savant Capital LLC Purchases 16,638 Shares of ADT Inc. $ADT

Savant Capital LLC lifted its position in shares of ADT Inc. (NYSE:ADT) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,240 shares of the security and automation business’s stock after acquiring an additional 16,638 shares during the quarter. Savant Capital LLC’s holdings in ADT were worth $2,568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in ADT by 69.5% in the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock valued at $27,000 after purchasing an additional 1,329 shares during the last quarter. AlphaQuest LLC increased its stake in shares of ADT by 80.9% in the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock valued at $43,000 after buying an additional 2,370 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in ADT in the 2nd quarter valued at approximately $50,000. Bayforest Capital Ltd bought a new position in ADT in the 1st quarter valued at approximately $74,000. Finally, NorthRock Partners LLC acquired a new stake in ADT during the 2nd quarter worth approximately $85,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADT shares. Weiss Ratings reissued a “buy (b)” rating on shares of ADT in a report on Wednesday, October 8th. Citigroup boosted their price objective on shares of ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Morgan Stanley raised their target price on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, ADT has a consensus rating of “Hold” and a consensus target price of $9.38.

ADT Trading Down 1.7%

ADT opened at $8.13 on Tuesday. ADT Inc. has a twelve month low of $6.71 and a twelve month high of $8.94. The company has a fifty day moving average of $8.62 and a 200-day moving average of $8.48. The stock has a market cap of $6.76 billion, a PE ratio of 11.78 and a beta of 1.00. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99.

ADT (NYSE:ADT) last issued its quarterly earnings results on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. The firm had revenue of $1.31 billion for the quarter. On average, sell-side analysts predict 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 8th. Investors of record on Thursday, December 11th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, December 11th. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. ADT’s dividend payout ratio is presently 31.88%.

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.