Cerity Partners LLC Raises Position in ADT Inc. (NYSE:ADT)

Cerity Partners LLC raised its holdings in shares of ADT Inc. (NYSE:ADT - Free Report) by 136.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 140,659 shares of the security and automation business's stock after acquiring an additional 81,130 shares during the period. Cerity Partners LLC's holdings in ADT were worth $972,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ADT. Headlands Technologies LLC bought a new stake in ADT in the fourth quarter valued at about $62,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ADT in the 4th quarter valued at approximately $73,000. Magnetar Financial LLC acquired a new position in ADT during the fourth quarter valued at approximately $73,000. Federated Hermes Inc. raised its holdings in ADT by 15.8% in the fourth quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock worth $73,000 after purchasing an additional 1,449 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of ADT in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 87.22% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ADT shares. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 target price on shares of ADT in a research note on Monday. Barclays raised shares of 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.

ADT Price Performance

Shares of ADT traded down $0.17 during mid-day trading on Monday, reaching $7.70. The company had a trading volume of 17,098,717 shares, compared to its average volume of 7,725,810. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 8.37 and a beta of 1.42. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81. The company's 50 day simple moving average is $7.77 and its 200 day simple moving average is $7.47. ADT Inc. has a 1-year low of $6.16 and a 1-year high of $8.39.

ADT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a dividend of $0.055 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.86%. ADT's dividend payout ratio (DPR) is 41.51%.

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.