Arnhold LLC Sells 18,916 Shares of ADT Inc. (NYSE:ADT)

Arnhold LLC reduced its stake in ADT Inc. (NYSE:ADT) by 1.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,545,778 shares of the security and automation business’s stock after selling 18,916 shares during the period. Arnhold LLC’s holdings in ADT were worth $10,542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in ADT during the 4th quarter worth approximately $6,696,000. Deutsche Bank AG lifted its holdings in shares of ADT by 44.2% during the third quarter. Deutsche Bank AG now owns 1,966,871 shares of the security and automation business’s stock worth $11,801,000 after buying an additional 602,704 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of ADT by 21.3% in the fourth quarter. Pacer Advisors Inc. now owns 15,627,166 shares of the security and automation business’s stock valued at $106,577,000 after acquiring an additional 2,740,447 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in ADT by 11.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,972,786 shares of the security and automation business’s stock worth $17,837,000 after acquiring an additional 304,754 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in ADT by 69.6% in the 3rd quarter. Gotham Asset Management LLC now owns 516,156 shares of the security and automation business’s stock valued at $3,097,000 after purchasing an additional 211,807 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on ADT from $7.50 to $8.30 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays decreased their price target on ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, March 22nd.

ADT Price Performance

Shares of ADT traded down $0.05 during midday trading on Tuesday, hitting $6.50. The company’s stock had a trading volume of 5,818,066 shares, compared to its average volume of 5,181,061. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 2.03. ADT Inc. has a one year low of $4.89 and a one year high of $7.60. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 9.29 and a beta of 1.57. The company’s fifty day simple moving average is $6.59 and its two-hundred day simple moving average is $6.44.

ADT (NYSE:ADT) last posted its earnings results on Thursday, April 25th. The security and automation business reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. ADT had a return on equity of 15.98% and a net margin of 12.81%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. As a group, equities analysts expect that ADT Inc. will post 0.67 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, June 13th. ADT’s payout ratio is 31.43%.

ADT Profile

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.