EP Wealth Advisors LLC Makes New Investment in ADT Inc. (NYSE:ADT)

EP Wealth Advisors LLC bought a new position in shares of ADT Inc. (NYSE:ADT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 27,713 shares of the security and automation business’s stock, valued at approximately $200,000.

Other large investors have also made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in ADT during the second quarter worth about $26,000. Altshuler Shaham Ltd purchased a new stake in shares of ADT during the 2nd quarter worth approximately $30,000. Duncker Streett & Co. Inc. acquired a new stake in shares of ADT in the 2nd quarter worth approximately $38,000. Abich Financial Wealth Management LLC purchased a new position in ADT in the 3rd quarter valued at approximately $70,000. Finally, KBC Group NV raised its holdings in ADT by 46.9% during the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after purchasing an additional 3,375 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Stock Down 0.8 %

ADT opened at $7.20 on Friday. The firm has a market cap of $6.53 billion, a P/E ratio of 7.83 and a beta of 1.49. The business’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $7.35. ADT Inc. has a 52 week low of $6.02 and a 52 week high of $8.25. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. As a group, equities research analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.06%. ADT’s payout ratio is currently 23.91%.

Analyst Ratings Changes

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