California State Teachers Retirement System increased its position in ADT Inc. (NYSE:ADT – Free Report) by 20.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,018 shares of the security and automation business’s stock after buying an additional 102,846 shares during the period. California State Teachers Retirement System owned 0.08% of ADT worth $4,047,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADT. Los Angeles Capital Management LLC bought a new stake in ADT during the fourth quarter worth approximately $28,000. IFP Advisors Inc raised its holdings in ADT by 1,759.1% during the 3rd quarter. IFP Advisors Inc now owns 3,997 shares of the security and automation business’s stock valued at $35,000 after buying an additional 3,782 shares during the period. Osaic Holdings Inc. raised its holdings in ADT by 39.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after buying an additional 1,240 shares during the period. PNC Financial Services Group Inc. lifted its position in ADT by 151.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock worth $33,000 after buying an additional 2,985 shares during the last quarter. Finally, Fairscale Capital LLC bought a new stake in ADT in the fourth quarter worth $41,000. 87.22% of the stock is owned by institutional investors.
ADT Trading Down 0.2%
NYSE:ADT opened at $7.63 on Friday. The firm has a 50-day simple moving average of $6.90 and a 200-day simple moving average of $7.09. ADT Inc. has a one year low of $6.24 and a one year high of $8.94. The firm has a market cap of $5.58 billion, a P/E ratio of 10.75 and a beta of 1.00. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.52 and a current ratio of 0.69.
ADT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 10th. ADT’s dividend payout ratio (DPR) is currently 30.99%.
Wall Street Analyst Weigh In
ADT has been the topic of several analyst reports. UBS Group set a $7.50 price target on shares of ADT in a report on Friday, May 1st. Morgan Stanley boosted their target price on ADT from $7.50 to $7.75 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.23.
View Our Latest Analysis on ADT
Insiders Place Their Bets
In other ADT news, EVP Fawad Ahmad acquired 7,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $6.75 per share, with a total value of $50,625.00. Following the completion of the acquisition, the executive vice president owned 302,334 shares in the company, valued at approximately $2,040,754.50. This trade represents a 2.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Omar Khan bought 7,280 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $6.88 per share, for a total transaction of $50,086.40. Following the transaction, the executive vice president directly owned 7,280 shares in the company, valued at approximately $50,086.40. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 18,405 shares of company stock valued at $125,760. Company insiders own 3.00% of the company’s stock.
ADT Profile
ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.
Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.
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