ADT Inc. (NYSE:ADT) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its position in shares of ADT Inc. (NYSE:ADT) by 23.2% during the 3rd quarter, Holdings Channel reports. The firm owned 84,409 shares of the security and automation business’s stock after selling 25,535 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in ADT were worth $612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in ADT by 20.3% during the third quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock valued at $223,707,000 after buying an additional 5,222,972 shares in the last quarter. Ariel Investments LLC boosted its position in shares of ADT by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 30,360,559 shares of the security and automation business’s stock valued at $230,740,000 after purchasing an additional 780,762 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ADT by 61.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,359,752 shares of the security and automation business’s stock worth $93,937,000 after purchasing an additional 4,705,544 shares during the last quarter. LSV Asset Management raised its holdings in shares of ADT by 186.0% in the 2nd quarter. LSV Asset Management now owns 9,646,113 shares of the security and automation business’s stock worth $73,310,000 after purchasing an additional 6,272,974 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in ADT by 75.0% during the second quarter. AQR Capital Management LLC now owns 7,862,453 shares of the security and automation business’s stock valued at $59,755,000 after purchasing an additional 3,370,550 shares during the last quarter. Institutional investors own 87.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ADT. Royal Bank of Canada lifted their price target on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their target price on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley upped their target price on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

ADT Stock Down 3.7 %

Shares of NYSE:ADT opened at $6.83 on Thursday. The firm has a 50 day simple moving average of $7.38 and a 200 day simple moving average of $7.35. ADT Inc. has a 52 week low of $6.02 and a 52 week 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 company has a market cap of $6.19 billion, a PE ratio of 7.42 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. ADT had a net margin of 18.18% and a return on equity of 17.77%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. As a group, research analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a yield of 3.22%. ADT’s payout ratio is presently 23.91%.

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.