Highland Capital Management LLC Raises Stock Position in ADT Inc. (NYSE:ADT)

Highland Capital Management LLC lifted its position in ADT Inc. (NYSE:ADT) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,643 shares of the security and automation business’s stock after buying an additional 2,542 shares during the period. Highland Capital Management LLC’s holdings in ADT were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADT. Oak Thistle LLC purchased a new stake in ADT during the 1st quarter worth approximately $311,000. Principal Financial Group Inc. grew its position in ADT by 56.8% during the 1st quarter. Principal Financial Group Inc. now owns 21,085 shares of the security and automation business’s stock worth $142,000 after purchasing an additional 7,635 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in ADT by 14.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,732,598 shares of the security and automation business’s stock worth $12,180,000 after purchasing an additional 220,412 shares during the last quarter. BNP Paribas Financial Markets grew its position in ADT by 1.1% during the 1st quarter. BNP Paribas Financial Markets now owns 375,429 shares of the security and automation business’s stock worth $2,523,000 after purchasing an additional 3,931 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in ADT by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock worth $510,000 after purchasing an additional 2,183 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

ADT opened at $7.88 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. The firm has a fifty day moving average price of $7.19 and a 200 day moving average price of $7.17. ADT Inc. has a 1 year low of $5.53 and a 1 year high of $8.25. The stock has a market cap of $7.27 billion, a P/E ratio of 11.26 and a beta of 1.53.

ADT (NYSE:ADT) last posted its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.83% and a return on equity of 15.45%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. Equities research analysts anticipate that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, December 12th. ADT’s dividend payout ratio is presently 31.43%.

Analyst Ratings Changes

Several analysts have weighed in on ADT shares. The Goldman Sachs Group boosted their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday.

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.