Tidal Investments LLC Buys 19,920 Shares of ADT Inc. (NYSE:ADT)

Tidal Investments LLC lifted its stake in shares of ADT Inc. (NYSE:ADT) by 21.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 111,052 shares of the security and automation business’s stock after acquiring an additional 19,920 shares during the period. Tidal Investments LLC’s holdings in ADT were worth $803,000 as of its most recent SEC filing.

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

ADT Trading Up 0.6 %

Shares of ADT stock opened at $6.83 on Friday. ADT Inc. has a 1 year low of $6.02 and a 1 year high of $8.25. The company’s fifty day simple moving average is $7.38 and its 200-day simple moving average is $7.34. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 7.42 and a beta of 1.49. 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 (NYSE:ADT) last posted 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 analyst estimates of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. As a group, sell-side analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 annualized dividend and a yield of 3.22%. ADT’s dividend payout ratio (DPR) is 23.91%.

Analysts Set New Price Targets

ADT has been the topic of a number of research analyst reports. 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 research note on Thursday, December 12th. Royal Bank of Canada raised their price target on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their price objective on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report 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.