Geode Capital Management LLC Has $47.53 Million Stake in ADT Inc. (NYSE:ADT)

Geode Capital Management LLC grew its position in ADT Inc. (NYSE:ADT - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,876,443 shares of the security and automation business's stock after acquiring an additional 1,001,303 shares during the period. Geode Capital Management LLC owned about 0.76% of ADT worth $47,529,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADT. Norges Bank acquired a new position in shares of ADT in the fourth quarter valued at $153,824,000. Vanguard Group Inc. raised its holdings in 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 valued at $307,876,000 after acquiring an additional 7,610,709 shares during the period. Pacer Advisors Inc. lifted its position in ADT by 11.7% during 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 during the last quarter. Burkehill Global Management LP bought a new stake in shares of ADT during the fourth quarter worth approximately $13,820,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of ADT by 37.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,003,630 shares of the security and automation business's stock valued at $34,575,000 after purchasing an additional 1,356,528 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADT has been the subject of several research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $9.00 price target 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 company from $7.00 to $9.00 in a research note on Friday, April 4th.

ADT Price Performance

Shares of ADT stock traded down $0.02 during trading hours on Friday, reaching $7.87. The company's stock had a trading volume of 15,637,224 shares, compared to its average volume of 7,671,901. ADT Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $8.39. The firm's 50 day simple moving average is $7.77 and its 200-day simple moving average is $7.46. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 8.55 and a beta of 1.42.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, March 13th. ADT's payout ratio is 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.