Brandywine Global Investment Management LLC Cuts Position in ADT Inc. (NYSE:ADT)

Brandywine Global Investment Management LLC trimmed its holdings in ADT Inc. (NYSE:ADT - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 494,958 shares of the security and automation business's stock after selling 32,076 shares during the period. Brandywine Global Investment Management LLC owned 0.05% of ADT worth $3,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of ADT by 20.6% in the fourth quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock worth $307,876,000 after acquiring an additional 7,610,709 shares during the last quarter. Pacer Advisors Inc. increased its position in ADT by 11.7% during the 4th quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock worth $238,906,000 after purchasing an additional 3,632,502 shares in the last quarter. Norges Bank acquired a new position in ADT in the 4th quarter valued at about $153,824,000. State Street Corp raised its stake in ADT by 7.5% in the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock valued at $48,060,000 after purchasing an additional 457,918 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in ADT by 35.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock valued at $42,487,000 after purchasing an additional 1,543,677 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

ADT has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price target on shares of ADT in a report on Wednesday, January 29th. Morgan Stanley boosted their price target on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, Barclays raised ADT from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $7.00 to $9.00 in a research note on Friday.

ADT Trading Down 2.6 %

Shares of ADT stock traded down $0.21 during trading hours on Monday, hitting $7.78. 20,146,891 shares of the company were exchanged, compared to its average volume of 7,266,358. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.39. The firm has a fifty day moving average of $7.72 and a 200 day moving average of $7.42. The firm has a market cap of $6.81 billion, a PE ratio of 8.45 and a beta of 1.42. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.83%. ADT's dividend payout ratio (DPR) is presently 41.51%.

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.