Paloma Partners Management Co Invests $351,000 in ADT Inc. (NYSE:ADT)

Paloma Partners Management Co acquired a new position in shares of ADT Inc. (NYSE:ADT) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 48,519 shares of the security and automation business’s stock, valued at approximately $351,000.

Several other institutional investors have also modified their holdings of ADT. Price T Rowe Associates Inc. MD lifted its position in ADT by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 131,678 shares of the security and automation business’s stock valued at $886,000 after acquiring an additional 16,816 shares during the last quarter. Janus Henderson Group PLC lifted its position in ADT by 63.8% in the first quarter. Janus Henderson Group PLC now owns 128,362 shares of the security and automation business’s stock valued at $862,000 after acquiring an additional 50,006 shares during the last quarter. Tidal Investments LLC lifted its position in ADT by 12.4% in the first quarter. Tidal Investments LLC now owns 101,886 shares of the security and automation business’s stock valued at $685,000 after acquiring an additional 11,226 shares during the last quarter. CWM LLC lifted its position in ADT by 156.7% in the second quarter. CWM LLC now owns 60,904 shares of the security and automation business’s stock valued at $463,000 after acquiring an additional 37,180 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in ADT in the second quarter valued at $1,143,000. 87.22% of the stock is owned by hedge funds and other institutional investors.

ADT Price Performance

Shares of NYSE:ADT opened at $7.59 on Thursday. The company has a 50-day simple moving average of $7.36 and a 200-day simple moving average of $7.35. ADT Inc. has a one year low of $6.02 and a one year high of $8.25. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 8.24 and a beta of 1.49.

ADT (NYSE:ADT) last announced its earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ADT had a net margin of 18.18% and a return on equity of 17.77%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company earned $0.07 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict 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. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.90%. ADT’s dividend payout ratio (DPR) is 23.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their target price on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a 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.