Entropy Technologies LP Buys 17,500 Shares of ADT Inc. (NYSE:ADT)

Entropy Technologies LP raised its stake in shares of ADT Inc. (NYSE:ADT) by 165.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,050 shares of the security and automation business’s stock after acquiring an additional 17,500 shares during the quarter. Entropy Technologies LP’s holdings in ADT were worth $203,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ADT. Acadian Asset Management LLC acquired a new stake in shares of ADT in the second quarter valued at $26,000. Altshuler Shaham Ltd bought a new stake in ADT during the 2nd quarter worth about $30,000. Duncker Streett & Co. Inc. acquired a new stake in ADT in the 2nd quarter valued at about $38,000. Abich Financial Wealth Management LLC bought a new position in shares of ADT in the third quarter worth about $70,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of ADT during the second quarter worth approximately $77,000. Institutional investors and hedge funds own 87.22% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ADT. Royal Bank of Canada boosted their price objective on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted 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.

ADT Price Performance

Shares of NYSE:ADT opened at $7.49 on Monday. The company has a 50 day moving average of $7.24 and a 200-day moving average of $7.29. ADT Inc. has a one year low of $5.63 and a one year high of $8.25. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 8.14 and a beta of 1.52. 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 (NYSE:ADT) last issued its earnings results on Thursday, October 24th. The security and automation business reported $0.20 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.055 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.94%. ADT’s dividend payout ratio (DPR) is presently 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.