ADT Inc. (NYSE:ADT) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of ADT Inc. (NYSE:ADT) by 14.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 27,899 shares of the security and automation business’s stock after selling 4,774 shares during the period. HighTower Advisors LLC’s holdings in ADT were worth $199,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ADT. Pacer Advisors Inc. lifted its holdings in ADT by 20.3% in the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after purchasing an additional 5,222,972 shares in the last quarter. BNP Paribas Financial Markets increased its stake in ADT by 911.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock worth $1,416,000 after buying an additional 176,454 shares during the period. Renaissance Technologies LLC acquired a new stake in ADT in the 2nd quarter valued at about $3,226,000. The Manufacturers Life Insurance Company lifted its position in shares of ADT by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 170,883 shares of the security and automation business’s stock worth $1,299,000 after purchasing an additional 6,078 shares during the last quarter. Finally, Ariel Investments LLC increased its stake in ADT by 2.6% in the second quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after purchasing an additional 780,762 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Trading Up 1.0 %

Shares of ADT opened at $6.87 on Thursday. 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 twelve month low of $6.02 and a twelve month high of $8.25. The firm has a market capitalization of $6.23 billion, a P/E ratio of 7.47 and a beta of 1.49. The stock’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $7.34.

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

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s dividend payout ratio (DPR) is presently 23.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group upped their target price on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th.

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.