Bank of New York Mellon Corp Has $30.64 Million Position in ADT Inc. (NYSE:ADT)

Bank of New York Mellon Corp increased its stake in shares of ADT Inc. (NYSE:ADT) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,031,383 shares of the security and automation business’s stock after purchasing an additional 212,954 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.44% of ADT worth $30,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADT. Victory Capital Management Inc. grew its stake in shares of ADT by 21.5% during the fourth quarter. Victory Capital Management Inc. now owns 42,818 shares of the security and automation business’s stock worth $292,000 after buying an additional 7,586 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ADT by 13.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,358,277 shares of the security and automation business’s stock worth $22,903,000 after purchasing an additional 385,491 shares in the last quarter. BNP Paribas Financial Markets raised its position in ADT by 470.0% in the fourth quarter. BNP Paribas Financial Markets now owns 371,498 shares of the security and automation business’s stock valued at $2,534,000 after purchasing an additional 306,319 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ADT by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,587,542 shares of the security and automation business’s stock valued at $51,748,000 after purchasing an additional 741,658 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of ADT by 21.7% during the fourth quarter. Boston Partners now owns 55,491 shares of the security and automation business’s stock worth $378,000 after purchasing an additional 9,882 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Stock Performance

Shares of ADT stock opened at $7.14 on Wednesday. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 10.20 and a beta of 1.59. ADT Inc. has a twelve month low of $5.53 and a twelve month high of $7.92. The company’s fifty day moving average is $7.42 and its 200 day moving average is $7.05. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Sell-side analysts forecast that ADT Inc. will post 0.62 EPS for the current year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, September 13th. This represents a $0.22 annualized dividend and a yield of 3.08%. ADT’s payout ratio is 31.43%.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price objective on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd.

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.