Dynamic Technology Lab Private Ltd Takes $687,000 Position in ADT Inc. (NYSE:ADT)

Dynamic Technology Lab Private Ltd acquired a new position in ADT Inc. (NYSE:ADT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 99,458 shares of the security and automation business's stock, valued at approximately $687,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of ADT by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business's stock valued at $1,245,000 after purchasing an additional 1,343 shares during the last quarter. Atria Investments Inc lifted its holdings in ADT by 9.9% in the fourth quarter. Atria Investments Inc now owns 15,008 shares of the security and automation business's stock valued at $104,000 after acquiring an additional 1,358 shares during the period. Highland Capital Management LLC boosted its holdings in ADT by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business's stock worth $204,000 after buying an additional 1,810 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of ADT by 10.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business's stock worth $164,000 after acquiring an additional 2,112 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in ADT by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 35,827 shares of the security and automation business's stock worth $248,000 after purchasing an additional 2,113 shares in the last quarter. Institutional investors own 87.22% of the company's stock.

Wall Street Analysts Forecast Growth

ADT has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th. Barclays upgraded 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

NYSE ADT traded up $0.14 during trading hours on Friday, hitting $7.83. 12,721,121 shares of the company's stock traded hands, compared to its average volume of 7,490,586. The company has a market capitalization of $6.86 billion, a PE ratio of 8.51 and a beta of 1.42. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.39. The firm's 50-day moving average is $7.73 and its 200-day moving average is $7.44.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.81%. ADT's dividend payout ratio (DPR) is presently 41.51%.

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.