ADT Inc. (NYSE:ADT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in ADT Inc. (NYSE:ADT) by 8.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,307 shares of the security and automation business’s stock after selling 1,778 shares during the quarter. Principal Financial Group Inc.’s holdings in ADT were worth $140,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. acquired a new stake in ADT in the third quarter valued at $339,000. Tidal Investments LLC increased its holdings in shares of ADT by 21.9% in the 3rd quarter. Tidal Investments LLC now owns 111,052 shares of the security and automation business’s stock valued at $803,000 after purchasing an additional 19,920 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of ADT by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock valued at $164,000 after purchasing an additional 2,112 shares during the period. Geode Capital Management LLC boosted its holdings in ADT by 35.6% during the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after buying an additional 1,543,677 shares in the last quarter. Finally, XTX Topco Ltd grew its position in ADT by 23.8% during the third quarter. XTX Topco Ltd now owns 56,236 shares of the security and automation business’s stock worth $407,000 after buying an additional 10,804 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently 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 company a “sector perform” rating in a research report on Friday, October 25th. Morgan Stanley boosted their target price on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group upped their target price on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th.

ADT Stock Down 1.5 %

ADT stock opened at $7.00 on Wednesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 12 month low of $6.02 and a 12 month high of $8.25. The firm has a market capitalization of $6.35 billion, a PE ratio of 7.61 and a beta of 1.51. The company’s 50 day simple moving average is $7.33 and its 200-day simple moving average is $7.32.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $0.07 earnings per share. ADT’s revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that ADT Inc. will post 0.7 earnings per share for the current fiscal year.

ADT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.055 dividend. 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 3.14%. ADT’s dividend payout ratio (DPR) is 23.91%.

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.