Millennium Management LLC Has $21.60 Million Stock Holdings in ADT Inc. (NYSE:ADT)

Millennium Management LLC reduced its stake in shares of ADT Inc. (NYSE:ADT) by 29.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,842,517 shares of the security and automation business’s stock after selling 1,200,217 shares during the quarter. Millennium Management LLC owned 0.31% of ADT worth $21,603,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in ADT during the second quarter worth about $26,000. Altshuler Shaham Ltd acquired a new stake in shares of ADT during the 2nd quarter worth approximately $30,000. Duncker Streett & Co. Inc. bought a new position in ADT in the second quarter valued at approximately $38,000. Raleigh Capital Management Inc. acquired a new position in ADT during the fourth quarter valued at approximately $36,000. Finally, Checchi Capital Advisers LLC bought a new stake in ADT during the second quarter worth $77,000. Institutional investors own 87.22% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their price target on ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd.

ADT Trading Up 1.4 %

Shares of ADT stock opened at $7.18 on Friday. The firm’s 50 day moving average is $7.24 and its 200 day moving average is $7.10. The firm has a market capitalization of $6.62 billion, a PE ratio of 10.26 and a beta of 1.53. ADT Inc. has a 1 year low of $5.53 and a 1 year high of $7.92. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last posted its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities research analysts forecast that ADT Inc. will post 0.62 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.06%. ADT’s payout ratio is presently 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.