Oak Thistle LLC Buys New Shares in ADT Inc. (NYSE:ADT)

Oak Thistle LLC bought a new stake in ADT Inc. (NYSE:ADT) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,238 shares of the security and automation business’s stock, valued at approximately $311,000.

A number of other institutional investors have also recently bought and sold shares of ADT. TFO Wealth Partners LLC lifted its position in ADT by 10,738.7% during the fourth quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock valued at $211,000 after buying an additional 3,329 shares in the last quarter. Blueshift Asset Management LLC lifted its position in shares of ADT by 20.5% during the fourth quarter. Blueshift Asset Management LLC now owns 27,377 shares of the security and automation business’s stock worth $187,000 after purchasing an additional 4,661 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of ADT during the fourth quarter worth $36,000. Victory Capital Management Inc. lifted its position in shares of ADT by 21.5% during the fourth quarter. Victory Capital Management Inc. now owns 42,818 shares of the security and automation business’s stock worth $292,000 after purchasing an additional 7,586 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of ADT by 9.9% during the fourth quarter. Neuberger Berman Group LLC now owns 88,555 shares of the security and automation business’s stock worth $604,000 after purchasing an additional 8,000 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

ADT Stock Down 2.3 %

ADT traded down $0.17 during trading on Monday, hitting $7.43. The company had a trading volume of 5,301,200 shares, compared to its average volume of 5,439,304. The company has a market cap of $6.85 billion, a PE ratio of 10.61 and a beta of 1.59. The business has a 50-day moving average of $7.13 and a 200-day moving average of $6.79. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.56. ADT Inc. has a 1-year low of $5.53 and a 1-year high of $7.84.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, April 25th. The security and automation business reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ADT had a net margin of 12.81% and a return on equity of 15.98%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, analysts forecast that ADT Inc. will post 0.67 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.22 annualized dividend and a yield of 2.96%. ADT’s payout ratio is 31.43%.

Analyst Ratings Changes

Separately, Barclays reduced their target price on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd.

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.