ADT Inc. (NYSE:ADT) Shares Acquired by KBC Group NV

KBC Group NV boosted its stake in ADT Inc. (NYSE:ADT) by 46.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,577 shares of the security and automation business’s stock after acquiring an additional 3,375 shares during the quarter. KBC Group NV’s holdings in ADT were worth $76,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADT. Acadian Asset Management LLC purchased a new position in ADT during the second quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in shares of ADT during the 2nd quarter worth about $30,000. Duncker Streett & Co. Inc. purchased a new position in ADT in the 2nd quarter valued at about $38,000. Abich Financial Wealth Management LLC acquired a new stake in ADT in the 3rd quarter worth about $70,000. Finally, Diversify Advisory Services LLC purchased a new stake in ADT during the 2nd quarter worth approximately $76,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

Shares of ADT stock opened at $7.54 on Friday. The stock’s 50 day simple moving average is $7.28 and its 200-day simple moving average is $7.31. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The stock has a market cap of $6.83 billion, a P/E ratio of 8.20 and a beta of 1.52. ADT Inc. has a 1-year low of $5.63 and a 1-year high of $8.25.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business’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 company earned $0.07 EPS. Analysts predict that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors 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 dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s payout ratio is 23.91%.

Wall Street Analyst Weigh In

ADT has been the topic of several research reports. The Goldman Sachs Group raised their target price on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price objective on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, October 25th.

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.