Daiwa Securities Group Inc. lifted its position in ADT Inc (NYSE:ADT) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 253,551 shares of the security and automation business’s stock after acquiring an additional 10,537 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ADT were worth $2,381,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of ADT. State of Alaska Department of Revenue increased its stake in ADT by 178.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,230 shares of the security and automation business’s stock valued at $105,000 after buying an additional 7,190 shares during the period. Stevens Capital Management LP acquired a new position in ADT in the 2nd quarter valued at approximately $121,000. Wells Fargo & Company MN acquired a new position in ADT in the 1st quarter valued at approximately $126,000. American Asset Management Inc. acquired a new position in ADT in the 2nd quarter valued at approximately $134,000. Finally, Tower Research Capital LLC TRC acquired a new position in ADT in the 2nd quarter valued at approximately $168,000. Institutional investors and hedge funds own 99.84% of the company’s stock.
ADT has been the topic of several research reports. Zacks Investment Research upgraded shares of ADT from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Credit Suisse Group increased their price target on shares of ADT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Deutsche Bank assumed coverage on shares of ADT in a research note on Monday, October 1st. They set a “hold” rating and a $11.00 price target on the stock. Bank of America assumed coverage on shares of ADT in a research note on Tuesday, October 23rd. They set a “buy” rating and a $11.00 price target on the stock. Finally, ValuEngine lowered shares of ADT from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $13.70.
ADT (NYSE:ADT) last announced its quarterly earnings results on Wednesday, November 7th. The security and automation business reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.28). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted ($0.09) EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that ADT Inc will post 0.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.14 annualized dividend and a dividend yield of 1.78%. ADT’s dividend payout ratio (DPR) is -40.00%.
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ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of burglary, video, access control, fire and smoke alarm, and medical alert solutions to residential, commercial, and multi-site customers. The company primarily offers professionally monitored security solutions; and interactive home and business automation solutions that are designed to control access, react to movement, and sense carbon monoxide, flooding, and changes in temperature or other environmental conditions, as well as address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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