Seven Grand Managers LLC Makes New $3.46 Million Investment in ADT Inc. (NYSE:ADT)

Seven Grand Managers LLC acquired a new stake in ADT Inc. (NYSE:ADT) in the 4th quarter, HoldingsChannel reports. The fund acquired 500,000 shares of the security and automation business’s stock, valued at approximately $3,455,000. ADT accounts for 1.6% of Seven Grand Managers LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also recently made changes to their positions in ADT. Vanguard Group Inc. boosted its position in ADT by 20.6% in the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business’s stock valued at $307,876,000 after buying an additional 7,610,709 shares during the period. Pacer Advisors Inc. boosted its holdings in ADT by 11.7% in the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business’s stock valued at $238,906,000 after purchasing an additional 3,632,502 shares during the period. Norges Bank acquired a new position in ADT during the 4th quarter worth $153,824,000. Dimensional Fund Advisors LP increased its holdings in ADT by 31.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,453,811 shares of the security and automation business’s stock worth $148,246,000 after purchasing an additional 5,089,056 shares during the period. Finally, LSV Asset Management raised its position in ADT by 5.1% in the 4th quarter. LSV Asset Management now owns 10,843,323 shares of the security and automation business’s stock valued at $74,927,000 after purchasing an additional 523,333 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

ADT Trading Up 1.1%

ADT opened at $8.47 on Friday. 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 one year low of $6.53 and a one year high of $8.71. The company has a market cap of $7.09 billion, a P/E ratio of 9.21 and a beta of 1.29. The business’s 50-day simple moving average is $7.96 and its 200-day simple moving average is $7.59.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, April 24th. The security and automation business reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 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 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. As a group, equities research analysts expect that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a $0.055 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.60%. ADT’s dividend payout ratio (DPR) is presently 37.93%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADT shares. Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price objective on shares of ADT in a research report on Monday, April 21st. Barclays upgraded shares of ADT from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $7.00 to $9.00 in a report on Friday, April 4th.

Insider Activity at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the transaction, the insider now owns 228,650,366 shares of the company’s stock, valued at $1,833,775,935.32. The trade was a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

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.