Nordea Investment Management AB Buys 60,327 Shares of ADT Inc. (NYSE:ADT)

Nordea Investment Management AB raised its position in ADT Inc. (NYSE:ADT) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,354,766 shares of the security and automation business’s stock after acquiring an additional 60,327 shares during the period. Nordea Investment Management AB’s holdings in ADT were worth $9,470,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in ADT by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 484,769 shares of the security and automation business’s stock valued at $3,505,000 after purchasing an additional 100,134 shares in the last quarter. Franklin Resources Inc. bought a new stake in ADT during the third quarter valued at about $339,000. Tidal Investments LLC boosted its stake in shares of ADT by 21.9% in the third quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business’s stock worth $803,000 after acquiring an additional 19,920 shares during the period. Sanctuary Advisors LLC grew its position in shares of ADT by 10.8% during the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock worth $164,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock valued at $42,487,000 after purchasing an additional 1,543,677 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

ADT has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of 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 boosted their price target on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley boosted their target price on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

ADT Stock Up 0.6 %

Shares of NYSE:ADT opened at $7.04 on Friday. The company has a 50-day moving average price of $7.32 and a 200 day moving average price of $7.31. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 12 month low of $6.02 and a 12 month high of $8.25. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 7.65 and a beta of 1.51.

ADT (NYSE:ADT) last released its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share 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 the consensus estimate of $1.22 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company’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 posted $0.07 EPS. As a group, equities research analysts predict that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 3.13%. The ex-dividend date was Thursday, December 12th. ADT’s payout ratio is currently 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.