Savant Capital LLC Has $1.83 Million Stake in ADT Inc. (NYSE:ADT)

Savant Capital LLC boosted its position in ADT Inc. (NYSE:ADT) by 18.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,182 shares of the security and automation business’s stock after purchasing an additional 38,321 shares during the period. Savant Capital LLC’s holdings in ADT were worth $1,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ADT. Arizona State Retirement System grew its holdings in shares of ADT by 40.7% during the second quarter. Arizona State Retirement System now owns 83,837 shares of the security and automation business’s stock worth $637,000 after purchasing an additional 24,264 shares during the last quarter. Victory Capital Management Inc. grew its holdings in ADT by 27.7% during the 2nd quarter. Victory Capital Management Inc. now owns 53,222 shares of the security and automation business’s stock worth $404,000 after acquiring an additional 11,549 shares during the last quarter. Chase Investment Counsel Corp acquired a new position in ADT in the 2nd quarter valued at approximately $99,000. Range Financial Group LLC bought a new position in shares of ADT during the second quarter valued at $149,000. Finally, PARK CIRCLE Co lifted its holdings in shares of ADT by 27.4% during the second quarter. PARK CIRCLE Co now owns 200,446 shares of the security and automation business’s stock worth $1,523,000 after purchasing an additional 43,080 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Wall Street Analyst Weigh In

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

ADT Stock Performance

NYSE:ADT opened at $7.07 on Tuesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. ADT Inc. has a fifty-two week low of $5.53 and a fifty-two week high of $7.92. The company has a 50 day simple moving average of $7.39 and a two-hundred day simple moving average of $7.06. The company has a market capitalization of $6.45 billion, a PE ratio of 10.10 and a beta of 1.54.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. ADT’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. Research analysts anticipate that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, September 13th. ADT’s dividend payout ratio is 31.43%.

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.