Commerce Bank Grows Stock Position in ADT Inc. (NYSE:ADT)

Commerce Bank boosted its position in shares of ADT Inc. (NYSE:ADT) by 100.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,939 shares of the security and automation business’s stock after buying an additional 11,000 shares during the quarter. Commerce Bank’s holdings in ADT were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of ADT during the 2nd quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of ADT during the second quarter valued at approximately $30,000. Duncker Streett & Co. Inc. purchased a new stake in shares of ADT in the second quarter worth approximately $38,000. Abich Financial Wealth Management LLC bought a new stake in shares of ADT during the 3rd quarter worth approximately $70,000. Finally, Diversify Advisory Services LLC purchased a new position in ADT during the 2nd quarter valued at $76,000. Institutional investors own 87.22% of the company’s stock.

ADT Price Performance

Shares of ADT stock opened at $7.67 on Thursday. ADT Inc. has a twelve month low of $5.63 and a twelve month high of $8.25. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $7.31 and a two-hundred day simple moving average of $7.33. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 8.36 and a beta of 1.52.

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

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid 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 dividend yield of 2.87%. ADT’s dividend payout ratio is presently 23.91%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ADT shares. 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 research report on Friday, October 25th. Royal Bank of Canada boosted their price objective 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.

ADT Company 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.