Bank of New York Mellon Corp lifted its holdings in ADT Inc. (NYSE:ADT - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,464,151 shares of the security and automation business's stock after buying an additional 961,785 shares during the period. Bank of New York Mellon Corp owned about 0.60% of ADT worth $37,757,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ADT. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ADT during the 4th quarter worth about $73,000. Chicago Partners Investment Group LLC purchased a new stake in ADT in the 4th quarter valued at about $74,000. KBC Group NV boosted its position in ADT by 46.9% in the 3rd quarter. KBC Group NV now owns 10,577 shares of the security and automation business's stock valued at $76,000 after buying an additional 3,375 shares during the period. Capstone Investment Advisors LLC purchased a new stake in ADT in the 3rd quarter valued at about $76,000. Finally, Creative Planning purchased a new stake in ADT in the 3rd quarter valued at about $78,000. 87.22% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on ADT shares. Morgan Stanley boosted their price objective on shares of ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $9.00 price target on shares of ADT in a research report on Wednesday, January 29th.
View Our Latest Stock Analysis on ADT
ADT Stock Down 1.3 %
Shares of ADT traded down $0.11 during mid-day trading on Monday, hitting $7.70. The company's stock had a trading volume of 21,363,188 shares, compared to its average volume of 6,284,328. The company's 50-day moving average is $7.42 and its 200-day moving average is $7.32. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 8.36 and a beta of 1.58. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.
ADT Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a $0.055 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.86%. ADT's payout ratio is presently 41.51%.
ADT Profile
(
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.
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