Cannon Global Investment Management LLC Purchases Shares of 38,500 ADT Inc. (NYSE:ADT)

Cannon Global Investment Management LLC bought a new stake in ADT Inc. (NYSE:ADT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 38,500 shares of the security and automation business's stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also bought and sold shares of ADT. Vanguard Group Inc. boosted its position in shares of ADT by 20.6% in the 4th quarter. Vanguard Group Inc. now owns 44,555,115 shares of the security and automation business's stock worth $307,876,000 after purchasing an additional 7,610,709 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in ADT in the fourth quarter worth about $408,000. KLP Kapitalforvaltning AS acquired a new stake in ADT in the fourth quarter worth about $426,000. Hillsdale Investment Management Inc. grew its stake in shares of ADT by 4.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 100,500 shares of the security and automation business's stock worth $694,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of ADT by 1,132.1% during the fourth quarter. Sei Investments Co. now owns 243,702 shares of the security and automation business's stock valued at $1,684,000 after acquiring an additional 223,922 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ADT shares. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 target price on shares of ADT in a research report on Wednesday, January 29th. Morgan Stanley lifted their price target on ADT from $8.50 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th.

ADT Stock Performance

NYSE ADT traded down $0.15 on Friday, hitting $8.09. 15,521,879 shares of the company's stock traded hands, compared to its average volume of 6,958,789. The firm's 50-day moving average price is $7.64 and its two-hundred day moving average price is $7.37. The firm has a market capitalization of $7.09 billion, a PE ratio of 8.79 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 Inc. has a 1-year low of $6.10 and a 1-year high of $8.39.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.72%. ADT's dividend payout ratio 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.