Boston Partners Lowers Stock Holdings in ADT Inc. (NYSE:ADT)

Boston Partners lowered its holdings in ADT Inc. (NYSE:ADT - Free Report) by 19.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 251,500 shares of the security and automation business's stock after selling 59,125 shares during the period. Boston Partners' holdings in ADT were worth $1,738,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its stake in shares of ADT by 11.7% in the fourth quarter. Pacer Advisors Inc. now owns 34,574,011 shares of the security and automation business's stock worth $238,906,000 after acquiring an additional 3,632,502 shares in the last quarter. State Street Corp grew its stake in ADT by 7.5% during the 3rd quarter. State Street Corp now owns 6,597,684 shares of the security and automation business's stock worth $48,060,000 after purchasing an additional 457,918 shares in the last quarter. Geode Capital Management LLC increased its holdings in ADT by 35.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business's stock worth $42,487,000 after purchasing an additional 1,543,677 shares during the period. Bank of New York Mellon Corp raised its position in ADT by 21.4% in the 4th quarter. Bank of New York Mellon Corp now owns 5,464,151 shares of the security and automation business's stock valued at $37,757,000 after purchasing an additional 961,785 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of ADT by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,259,189 shares of the security and automation business's stock valued at $36,341,000 after buying an additional 609,842 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

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ADT Stock Performance

NYSE ADT traded up $0.11 on Tuesday, reaching $8.19. The stock had a trading volume of 21,340,073 shares, compared to its average volume of 6,648,997. The stock has a market cap of $7.18 billion, a P/E ratio of 8.90 and a beta of 1.58. ADT Inc. has a 12-month low of $6.10 and a 12-month high of $8.39. The business's 50-day moving average price is $7.58 and its 200 day moving average price is $7.35. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, March 13th. ADT's payout ratio is currently 41.51%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley increased their price objective on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th.

ADT Company 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.