Charles Schwab Investment Management Inc. Buys 518,515 Shares of ADT Inc. (NYSE:ADT)

Charles Schwab Investment Management Inc. boosted its stake in ADT Inc. (NYSE:ADT) by 12.6% in the third quarter, HoldingsChannel reports. The firm owned 4,649,347 shares of the security and automation business’s stock after acquiring an additional 518,515 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ADT were worth $33,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in ADT in the 2nd quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new stake in ADT in the 2nd quarter worth approximately $30,000. Duncker Streett & Co. Inc. purchased a new position in shares of ADT during the 2nd quarter worth $38,000. Abich Financial Wealth Management LLC purchased a new position in shares of ADT during the 3rd quarter worth $70,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of ADT during the 2nd quarter worth $76,000. Institutional investors own 87.22% of the company’s stock.

ADT Stock Down 1.4 %

ADT opened at $7.52 on Wednesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. ADT Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $8.25. The firm’s fifty day moving average is $7.35 and its 200 day moving average is $7.34. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 8.17 and a beta of 1.49.

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 analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. ADT’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 EPS. On average, sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.93%. ADT’s dividend payout ratio is currently 23.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ADT shares. Royal Bank of Canada lifted 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. The Goldman Sachs Group lifted their price target on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note 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.