Neuberger Berman Group LLC Buys 8,000 Shares of ADT Inc. (NYSE:ADT)

Neuberger Berman Group LLC increased its stake in ADT Inc. (NYSE:ADTFree Report) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,555 shares of the security and automation business’s stock after buying an additional 8,000 shares during the period. Neuberger Berman Group LLC’s holdings in ADT were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADT. Tower Research Capital LLC TRC raised its stake in ADT by 1,185.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,772 shares of the security and automation business’s stock worth $67,000 after buying an additional 9,012 shares in the last quarter. Hill Investment Group Partners LLC increased its stake in shares of ADT by 47.5% during the third quarter. Hill Investment Group Partners LLC now owns 20,965 shares of the security and automation business’s stock valued at $126,000 after purchasing an additional 6,749 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of ADT by 102.4% during the fourth quarter. Panagora Asset Management Inc. now owns 20,263 shares of the security and automation business’s stock valued at $138,000 after purchasing an additional 10,251 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of ADT during the fourth quarter valued at approximately $140,000. Finally, Cooper Financial Group bought a new position in shares of ADT during the fourth quarter valued at approximately $155,000. 87.22% of the stock is owned by institutional investors.

ADT Trading Up 1.1 %

NYSE:ADT opened at $7.43 on Tuesday. The company’s 50 day moving average price is $6.80 and its 200-day moving average price is $6.66. ADT Inc. has a 52 week low of $5.53 and a 52 week high of $7.60. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 2.03. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 10.61 and a beta of 1.57.

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

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders 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 dividend yield of 2.96%. The ex-dividend date is Thursday, June 13th. ADT’s payout ratio is 31.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays decreased their target price on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd. The Goldman Sachs Group raised their target price on shares of ADT from $7.50 to $8.30 and gave the company a “buy” rating in a research note on Thursday, February 29th.

View Our Latest Stock Report on ADT

About ADT

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ADT (NYSE:ADT)

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