California State Teachers Retirement System boosted its position in shares of 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 (SEC). The firm owned 616,018 shares of the security and automation business’s stock after purchasing an additional 102,846 shares during the period. California State Teachers Retirement System’s holdings in ADT were worth $4,047,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of ADT by 24.3% during the 4th quarter. AQR Capital Management LLC now owns 44,938,803 shares of the security and automation business’s stock worth $361,308,000 after purchasing an additional 8,778,704 shares during the period. Dimensional Fund Advisors LP boosted its stake in ADT by 9.7% during the first quarter. Dimensional Fund Advisors LP now owns 39,887,288 shares of the security and automation business’s stock worth $262,054,000 after buying an additional 3,529,422 shares during the period. LSV Asset Management boosted its stake in ADT by 8.5% during the fourth quarter. LSV Asset Management now owns 27,837,737 shares of the security and automation business’s stock worth $224,651,000 after buying an additional 2,191,531 shares during the period. Norges Bank acquired a new stake in shares of ADT during the fourth quarter valued at about $192,996,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of ADT by 27.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 17,476,972 shares of the security and automation business’s stock valued at $152,224,000 after acquiring an additional 3,783,455 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.
ADT Stock Down 0.2%
Shares of NYSE:ADT opened at $7.63 on Friday. The company has a market capitalization of $5.58 billion, a PE ratio of 10.75 and a beta of 1.00. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 2.14. ADT Inc. has a twelve month low of $6.24 and a twelve month high of $8.94. The firm has a 50 day simple moving average of $6.90 and a 200-day simple moving average of $7.09.
ADT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.055 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 2.9%. ADT’s payout ratio is currently 30.99%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ADT in a research note on Wednesday, July 15th. UBS Group set a $7.50 target price on ADT in a report on Friday, May 1st. Finally, Morgan Stanley lifted 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. Two equities 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.23.
Read Our Latest Stock Report on ADT
Insider Buying and Selling at ADT
In other news, EVP Fawad Ahmad purchased 7,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $6.75 per share, for a total transaction of $50,625.00. Following the completion of the purchase, the executive vice president directly owned 302,334 shares in the company, valued at $2,040,754.50. The trade was a 2.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Omar Khan purchased 7,280 shares of ADT stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $6.88 per share, with a total value of $50,086.40. Following the completion of the acquisition, the executive vice president directly owned 7,280 shares in the company, valued at approximately $50,086.40. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 18,405 shares of company stock valued at $125,760 in the last ninety days. 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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