Teacher Retirement System of Texas Increases Stake in ADT Inc. $ADT

Teacher Retirement System of Texas grew its stake in shares of ADT Inc. (NYSE:ADT) by 32.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,488 shares of the security and automation business’s stock after purchasing an additional 16,032 shares during the quarter. Teacher Retirement System of Texas’ holdings in ADT were worth $555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADT. GAMMA Investing LLC increased its stake in shares of ADT by 69.5% in the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after buying an additional 1,329 shares during the period. AlphaQuest LLC increased its position in shares of ADT by 80.9% in the first quarter. AlphaQuest LLC now owns 5,301 shares of the security and automation business’s stock valued at $43,000 after acquiring an additional 2,370 shares during the period. Bayforest Capital Ltd purchased a new position in shares of ADT in the first quarter valued at about $74,000. NorthRock Partners LLC bought a new position in shares of ADT during the second quarter valued at about $85,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of ADT during the second quarter worth about $86,000. Institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADT shares. Zacks Research downgraded ADT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen lowered ADT from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley upped their target price on ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Monday, July 28th. Citigroup raised their price target on ADT from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ADT in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.38.

ADT Trading Up 1.2%

NYSE ADT opened at $8.26 on Monday. The firm has a market capitalization of $6.86 billion, a PE ratio of 11.96 and a beta of 1.00. The stock’s 50 day moving average is $8.63 and its 200 day moving average is $8.48. ADT Inc. has a twelve month low of $6.71 and a twelve month high of $8.94. The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 1.99.

ADT (NYSE:ADT) last announced its quarterly earnings data on Friday, April 22nd. The security and automation business reported ($0.12) EPS for the quarter. The firm had revenue of $1.31 billion for the quarter. ADT had a net margin of 12.52% and a return on equity of 18.96%. Research analysts forecast that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.22 annualized dividend and a yield of 2.7%. ADT’s payout ratio is presently 31.88%.

ADT Company 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.