ADT Inc. (NYSE:ADT) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ADT Inc. (NYSE:ADT) by 31.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,028 shares of the security and automation business’s stock after purchasing an additional 17,145 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ADT were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of ADT by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock worth $1,245,000 after buying an additional 1,343 shares during the period. Highland Capital Management LLC lifted its position in ADT by 10.1% during the 3rd quarter. Highland Capital Management LLC now owns 27,643 shares of the security and automation business’s stock worth $200,000 after acquiring an additional 2,542 shares during the period. New York State Teachers Retirement System grew its stake in ADT by 12.9% during the 3rd quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after purchasing an additional 3,054 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of ADT by 19.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,546 shares of the security and automation business’s stock valued at $156,000 after purchasing an additional 3,311 shares during the period. Finally, KBC Group NV raised its stake in shares of ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after purchasing an additional 3,375 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADT shares. Royal Bank of Canada upped their target price on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price objective on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th.

ADT Stock Performance

Shares of ADT stock opened at $7.53 on Friday. ADT Inc. has a 52-week low of $6.02 and a 52-week high of $8.25. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The stock has a market cap of $6.83 billion, a PE ratio of 8.18 and a beta of 1.49. The business has a 50-day simple moving average of $7.37 and a 200-day simple moving average of $7.35.

ADT (NYSE:ADT) last announced its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. ADT’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, equities analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 2.92%. ADT’s dividend payout ratio is presently 23.91%.

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.