KLP Kapitalforvaltning AS Takes Position in ADT Inc. (NYSE:ADT)

KLP Kapitalforvaltning AS purchased a new stake in ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 61,296 shares of the security and automation business's stock, valued at approximately $426,000.

Other large investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. increased its position in shares of ADT by 4.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 100,500 shares of the security and automation business's stock valued at $694,000 after buying an additional 4,400 shares in the last quarter. Sei Investments Co. increased its holdings in ADT by 1,132.1% in the 4th quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock worth $1,684,000 after acquiring an additional 223,922 shares in the last quarter. American Century Companies Inc. raised its position in ADT by 96.1% during the fourth quarter. American Century Companies Inc. now owns 170,768 shares of the security and automation business's stock worth $1,180,000 after acquiring an additional 83,689 shares during the period. Quantbot Technologies LP lifted its holdings in ADT by 47.1% during the fourth quarter. Quantbot Technologies LP now owns 366,793 shares of the security and automation business's stock valued at $2,535,000 after purchasing an additional 117,423 shares in the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of ADT in the fourth quarter valued at about $100,000. Institutional investors and hedge funds own 87.22% of the company's stock.

ADT Price Performance

ADT stock traded up $0.40 during mid-day trading on Wednesday, reaching $7.94. The company's stock had a trading volume of 22,297,434 shares, compared to its average volume of 7,399,110. 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 company's 50 day moving average is $7.72 and its two-hundred day moving average is $7.42. ADT Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $8.39. The stock has a market cap of $6.96 billion, a PE ratio of 8.63 and a beta of 1.42.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were issued a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.77%. ADT's dividend payout ratio is presently 41.51%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADT. Morgan Stanley upped their price target on shares of ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th. Finally, Barclays upgraded ADT from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $7.00 to $9.00 in a research report on Friday, April 4th.

About ADT

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.