Chase Investment Counsel Corp Purchases New Holdings in ADT Inc. (NYSE:ADT)

Chase Investment Counsel Corp acquired a new stake in ADT Inc. (NYSE:ADT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,782 shares of the security and automation business’s stock, valued at approximately $99,000.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in ADT by 31.4% during the first quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business’s stock valued at $8,703,000 after buying an additional 310,406 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of ADT during the 1st quarter worth approximately $1,017,000. Quantbot Technologies LP raised its holdings in shares of ADT by 452.9% in the 1st quarter. Quantbot Technologies LP now owns 179,036 shares of the security and automation business’s stock worth $1,203,000 after purchasing an additional 146,657 shares during the period. Vanguard Group Inc. lifted its stake in ADT by 10.7% in the first quarter. Vanguard Group Inc. now owns 35,406,307 shares of the security and automation business’s stock valued at $237,930,000 after purchasing an additional 3,427,575 shares during the last quarter. Finally, Boston Partners grew its holdings in ADT by 246.8% during the first quarter. Boston Partners now owns 192,468 shares of the security and automation business’s stock valued at $1,293,000 after purchasing an additional 136,977 shares during the period. Institutional investors own 87.22% of the company’s stock.

ADT Price Performance

Shares of ADT traded up $0.03 during midday trading on Thursday, hitting $7.20. 622,129 shares of the company traded hands, compared to its average volume of 4,963,411. The stock has a 50-day moving average of $7.41 and a 200-day moving average of $7.06. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. ADT Inc. has a one year low of $5.53 and a one year high of $7.92. The firm has a market cap of $6.64 billion, a P/E ratio of 10.24 and a beta of 1.59.

ADT (NYSE:ADT) last posted its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. As a group, sell-side analysts predict that ADT Inc. will post 0.62 EPS for the current fiscal year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.06%. ADT’s dividend payout ratio is currently 31.43%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their price target on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd.

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.