Fox Run Management L.L.C. bought a new position in shares of ADT Inc. (NYSE:ADT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,974 shares of the security and automation business's stock, valued at approximately $408,000.
Several other large investors also recently modified their holdings of ADT. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ADT in the 4th quarter worth approximately $73,000. Magnetar Financial LLC bought a new stake in ADT in the fourth quarter valued at $73,000. Chicago Partners Investment Group LLC bought a new position in ADT in the 4th quarter worth $74,000. Capstone Investment Advisors LLC bought a new stake in shares of ADT during the 3rd quarter valued at about $76,000. Finally, Claro Advisors LLC purchased a new position in shares of ADT during the fourth quarter valued at about $88,000. 87.22% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have commented on ADT. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th. Morgan Stanley lifted their price target on ADT from $8.50 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th.
View Our Latest Stock Analysis on ADT
ADT Stock Down 1.8 %
NYSE:ADT traded down $0.15 during mid-day trading on Friday, hitting $8.09. 15,521,879 shares of the company's stock were exchanged, compared to its average volume of 6,958,789. ADT Inc. has a one year low of $6.10 and a one year high of $8.39. The business has a fifty day moving average price of $7.64 and a 200 day moving average price of $7.38. The company has a market cap of $7.09 billion, a PE ratio of 8.79 and a beta of 1.58. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be paid a $0.055 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.72%. ADT's payout ratio is currently 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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